The U.S. chicken industry may become unprofitable in the fourth quarter because feed costs have surged as a drought wilts cornfields across the Midwest.
JCG Foods, an affiliate of Koch Foods Incorporated was the successful bidder for substantially all the assets of Cagle Foods at an auction that was held on May 10, 2012.
A federal judge has refused to dismiss Security and Exchange Commission claims that the CEO of Koch Poultry helped mislead auditors about $856 million worth of income.
