Beef prices have been on a run lately, and processors are feeling the pinch. To cut costs and recover profits, many are turning to poultry.
Tyson estimates they will see earnings go up around $100 million this year, and the gains are driven by a positive view on the chicken business. Company leaders say it comes as consumers look for cheaper alternatives to beef.
They also say grains have been readily available this year, which helps keep feed costs manageable.
Related Stories
The latest Meat Demand Monitor shows strong retail demand for beef products like ribeye steaks and ground beef.
Egg production accounted for much of the increase.
Mike Wilson says years of hard work and stewardship helped transform the farm for future generations.
Agri Stats would no longer be allowed to show participant lists, rankings, or “flags,” and it could only report individual company data in narrow situations.
EU simplification may reduce some paperwork, but U.S. exporters still face costly traceability requirements.
U.S. beef imports are running at a record pace while exports are falling, reflecting tight domestic cattle supplies and high U.S. beef prices.
