Can Americans Eat More Chicken? U.S. Industry Bets on Growth
- Tyson, Sanderson leading biggest output expansion since 2005
- Investing profit after years of cheap feed, record U.S. demand
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As if Americans didn’t have enough chicken on the menu already, production of the nation’s most-popular meat is headed for the biggest growth spurt in more than a decade.
Companies including Tyson Foods Inc. and Sanderson Farms Inc. are leading an industry expansion with new processing plants from Tennessee to Texas, fueled by years of profit gains from cheap feed grain and record demand. Even retailer Costco Wholesale Corp. is getting into the act, building its first-ever poultry plant in Nebraska.