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Costco filed suit against major poultry producers, joining a multidistrict class action alleging they restrained trade and fixed chicken prices from 2008 to 2019. Named defendants include Koch Foods, OK Foods and Sanderson Farms, and some defendants have already settled.
The litigation is a legal matter that does not directly change near-term chicken supply or demand. It adds pressure on producers to change pricing practices.
lawstreetmedia.comKendal EnzAug 31, 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.
