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Tyson Foods agreed to buy chicken-nugget maker Keystone Foods from Brazil's Marfrig for about $2.5 billion, below the roughly $3 billion initially expected. The price was reduced as US chicken market conditions weakened on softer demand and higher domestic supply.
The deal reflects weakening US chicken margins from higher supply and export tariffs, which point to lower poultry prices and modestly softer demand for feed grains and meal.
farmprogress.comBloombergAug 17, 2018Not 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.
