# Tyson to buy Keystone Foods for $2.5 billion

> 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.

- Date: 2018-08-17 · published 2018-08-17T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/63682-tyson-to-buy-keystone-foods-for-2-5-billion
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

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.

## Read by commodity

- CHICKEN: bearish ▼

## Sources

- farmprogress.com: https://www.farmprogress.com/business/tyson-to-buy-keystone-foods-for-2-5-billion

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.