U.S. Poultry Sector Bouncing Back

U.S. Poultry Sector Bouncing Back

The U.S. poultry industry is returning to profitability as fast food restaurants are promoting chicken dishes and consumers are opting for lower-priced sources of protein.  Record high beef prices have pushed supermarket sales of chicken higher – a recent U.S. Department of Agriculture (USDA) report shows benchmark breast prices are up 36% from a year ago and poultry companies are expecting a profitable year.  The USDA predicts a 2% increase in production this year from 2012 and a 3% increase for 2014.

 

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