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The U.S. Justice Department indicted the chief executive of Pilgrim's Pride and three other current and former poultry industry executives on charges of conspiring to fix chicken prices. The grand jury alleges price-fixing and bid-rigging for broiler chickens from at least 2012 to 2017.
The case targets broiler pricing conduct in the U.S. chicken sector, which could raise legal and reputational risk for major integrators and affect contract pricing expectations, though it does not itself change current supply.
apnews.comDEE-ANN DURBIN, COLLEEN SLEVINJun 3, 2020
reuters.comJun 3, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
