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The Justice Department intervened in a class-action lawsuit alleging major US poultry companies, including Tyson Foods and Pilgrim's Pride, conspired to manipulate chicken prices. The filing asks the federal court in Illinois to halt certain actions in the case.
A government antitrust intervention adds legal uncertainty to US chicken pricing and could pressure chicken prices and integrator margins, with limited direct effect on feed grain demand.
nytimes.comJun 25, 2019Not 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.
