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Walmart, America’s largest retail grocer, has filed suit against various U.S. poultry companies alleging a conspiracy to inflate chicken prices.
Shares in meat companies like Tyson Foods Inc. and Pilgrim’s Pride Corp. have been rallying. Now a spike in corn and soybean prices is fueling the biggest selloff of the year.
Between 1993-1997 and 2014-2018, the U.S. dairy herd has shrunk 4% but production has climbed 38%.
Domestic demand for protein keeps climbing. U.S. Farm Report looks into the “push for protein” both at home and abroad this Memorial Day weekend.
As grilling season kicks off, the focus is now on demand, as major companies like Tyson and McDonald’s are already warning consumers meat prices could climb with ASF continuing to claim China’s hog herd.
Legislation introduced in Congress this week seeks a moratorium on food and agribusiness mergers.