Chicken Production Could Be Cut 3% by Summer, Analysts Say

The announcement by Pilgrim’s Pride this week that it would close a North Carolina production facility along with six distribution centers is likely the first of many similar moves that will be made by poultry processors this year, as producers attempt to curtail supply to improve industry fundamentals.

NEW YORK — The announcement by Pilgrim’s Pride this week that it would close a North Carolina production facility along with six distribution centers is likely the first of many similar moves that will be made by poultry processors this year, as producers attempt to curtail supply to improve industry fundamentals. The ethanol boom has caused corn and animal feed prices to skyrocket during the past two years, significantly raising input costs for meat, poultry and egg producers. Yet with suppl

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TAGS: Meat