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Source: Lydia Mulvany, BLOOMBERG, 2/27/20
U.S. chicken companies are running production at a manic rate, sparking a glut and sending prices for key products like breast meat to record lows. Despite all that, the industry could be looking at a bright 2020 -- thanks to the chicken-sandwich craze sweeping America. That’s according to Joe Sanderson Jr., chief executive officer of American chicken giant Sanderson Farms Inc. The sandwich wars among fast-food companies could end up being the “bailout” the oversupplied U.S. poultry industry is in need of this year, he said. For more of this story, click here.
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