Contract Agriculture

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Press release: Tyson Moves to Increase Lion’s Share of Market Control  

August 29, 2018— According to Bloomberg, Tyson Foods closed a deal to purchase Keystone Foods LLC from Marfrig Global Foods SA for a reported $2.16 billion. Tyson, along with three other companies (Pilgrim’s Pride, Sanderson Farms, and Perdue Farms), currently controls more than half of the U.S. poultry industry. With this purchase, Tyson will now have a larger global reach as Keystone Foods is a main supplier of chicken nuggets to McDonald’s Corp.