Source: REUTERS, 11/14/19

China on Thursday lifted a nearly five-year ban on poultry meat imports from the United States, a move that senior U.S. officials said would pave the way for more than $1 billion in annual poultry exports to China. Shares of American poultry producers soared on the announcement from China’s customs authority. Tyson Foods shares were up 4.6% in morning trade, Sanderson Farms rose 4.2% and Pilgrim’s Pride Corp shares were up 2.2 percent, outperforming a largely flat stock market on Thursday.

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