From Chron.com
Time will tell on what this will do to chicken prices.
"Texas-based Pilgrim’s Pride seeks bankruptcy protection
By R.G. RATCLIFFE
Copyright 2008 Houston Chronicle
Dec. 1, 2008, 10:22PM" Texas-based Pilgrim’s Pride declares bankruptcy | Business | Chron.com - Houston Chronicle
AUSTIN — Pilgrim’s Pride Corp., which became the nation’s largest poultry producer under the leadership of one of Texas’ most controversial political donors, filed for federal bankruptcy protection Monday.
The company said it employs about 48,000 people and operates 35 chicken processing plants and 11 prepared-food facilities.
According to its Web site, Pilgrim’s Pride is the largest chicken company in the U.S. and the second-largest in Mexico, with net sales of $7.6 billion last year.
Time will tell on what this will do to chicken prices.
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