(Bloomberg) -- Stocks for meat companies are down Wednesday after the White House said consolidation in the industry was a concern.
ADVERTISEMENT
Agriculture Secretary Tom Vilsack said in a news briefing that the government is moving to strengthen regulations and price discovery in the meat industry, and that American farmers are losing money.
ADVERTISEMENT
Sanderson Farms Inc. dropped 1%, JBS SA declined nearly 2%, and Tyson Foods Inc. lost 0.3% in the wake of the comments.
The companies didn’t immediately respond to requests for comment.
©2021 Bloomberg L.P.
RECOMMENDED FOR YOU
POPULAR
1
India Business Fuels Square Yards' 49% Revenue Growth To Rs 1,004 Crore
2
FADA and Frost & Sullivan Team Up for Extensive Domestic Passenger Vehicle Study
3
FPSB India, IFSCA Collaborate To Position GIFT IFSC As 'Global Finance Hub'
4
Promissory Notes Hit 6 Year High With Rs 1.5 Lakh Crore Investments
5