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Sanderson Farms was sold for $4.5 billion as wholesale chicken breast prices have stayed at or above $1.80 per pound since mid-April, a seven-year high. Pandemic plant shutdowns and southern winter storms have constrained supply.
Tight chicken supply and high breast prices support poultry values and signal continued strength in chicken markets. The deal reflects the strong pricing environment.
apnews.comMichelle Chapman, Dee-Ann DurbinAug 18, 2021Not 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.
