Thursday, May 23, 2024

CoBank: poultry sector is well positioned

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DENVER — The U.S. chicken industry has experienced an unprecedented run of historic profitability since 2012 and responded by significantly increasing production and processing capacity, CoBank noted. Six new poultry processing plants are expected to be operating by 2020, while production and supplies of competing animal proteins are also expanding.

According to a new report from CoBank's Knowledge Exchange Division, profitability across the poultry sector is now under pressure as meat prices decline amidst growing supplies, recalling memories of the last major downturn a decade ago, which resulted in severe financial losses across the sector.

Current projections for chicken. . .

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