Big Chicken Getting Bigger: Cargill and Continental Grain Buy Sanderson Farms.

The heart of the matter is that three companies will control 50 percent of the broiler market:

Combining Sanderson with Georgia-based Wayne Farms LLC, a poultry company owned by Continental, would form a new competitor representing about 15% of U.S. chicken production, according to data from Watt Poultry USA. Tyson Foods Inc. leads the industry with about one-fifth of the market, while Pilgrim’s Pride Corp. represents about 16% of the national total.

Koch, Perdue, and a handful of others have the rest. As Lt. Frank Drebin once said, nothing to see here.

Read the full story on the Wall Street Journal: