Chicken's in a Tough Fight With Beef for Room on Dinner Plates
This article is for subscribers only.
U.S. consumers have their pick of cheap protein right now. One consequence is lower returns for the country’s chicken-processing giants.
Sanderson Farms Inc., one of the largest American poultry producers, posted disappointing quarterly earnings on Thursday and blamed it on ample supplies. While overall demand for chicken is strong, prices are under pressure because of the glut of beef and pork.