Cargill to buy Sanderson Farms and Continental Grain could be finalized today…Chicken production and Grain trade move!!!
“Reuters – Commodities trader Cargill Inc and agricultural investor Continental Grain Co will buy chicken producer Sanderson Farms Inc for $4.53 billion, the companies said on Monday, at a time when meat prices have been soaring due to strong demand.
The deal would see Sanderson Farms, the third-largest poultry producer in the United States, join hands with smaller rival Continental Grain’s Wayne Farms to compete better with rivals Tyson Foods Inc and Pilgrim’s Pride Corp.
Wayne Farms Chief Executive Officer Clint Rivers will lead the combined business, which will be privately held upon the deal’s closure expected to be by early 2022.“
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“Reuters – Commodities trader Cargill Inc and agricultural investor Continental Grain Co will buy chicken producer Sanderson Farms Inc for $4.53 billion, the companies said on Monday, at a time when meat prices have been soaring due to strong demand.
The deal would see Sanderson Farms, the third-largest poultry producer in the United States, join hands with smaller rival Continental Grain’s Wayne Farms to compete better with rivals Tyson Foods Inc and Pilgrim’s Pride Corp.
Wayne Farms Chief Executive Officer Clint Rivers will lead the combined business, which will be privately held upon the deal’s closure expected to be by early 2022.“
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