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Sysco and US Foods filed antitrust lawsuits in federal court in Illinois accusing Tyson, Sanderson Farms, Pilgrim's Pride, Perdue and others of conspiring to cut chicken supply and raise prices. Poultry producer shares fell in New York following the filings.
Litigation alleging supply cuts adds legal risk and possible settlement costs for broiler processors, though it does not directly change current chicken supply or feed demand; feed buyers see limited near-term grain impact.
bloomberg.comMegan Durisin AlberyJan 31, 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.
