Soaring Raw Material Cost May Delay a New U.S. Chicken Plant
- Construction on Sanderson plant was set for first half of 2021
- Steel, lumber and other materials are driving up build costs
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The cost of raw materials is so high right now that the third-largest chicken producer in the U.S. is considering shelving plans to build a new processing plant -- even as the company struggles to keep up with demand.
Sanderson Farms Inc. is one of the first companies to signal it could pause plans for expansion as the price of everything from lumber to steel skyrockets, driving up construction costs.