Chicken consumption data shows something unusual is going on with America's most-consumed meat protein, chicken. Consumers in the U.S. are purchasing white meat chicken cuts at a dramatically higher rate than a year ago.
National Chicken Council chairman Bill Lovette opened the Chicken Marketing Seminar in Coeur d'Alene, Idaho, July 22 presenting a positive outlook for prices and profits. But poultry producers are not counting their end-of-year profits just yet.
With U.S. pork exports to China and Russia halted due to the use of ractopamine in pigs, rising pork inventories may depress poultry prices in the second half of 2013. The industry also faces a potential downturn in Mexican demand.
How does the turkey industry score in product development and marketing versus the pork and beef industries? Turkey performs well, say managers with experience in all three industries, but there’s room for improvement.
Poultry producers are due some economic relief from high feed costs with corn-ethanol mandates set to level off in 2015. Now, however, cellulosic ethanol proponents are ready to drive food and fuel policy - and it raises the specter of new ethanol-related incentives or mandates.
Tyson Foods has a new strategic plan that includes a greater focus on value-added products and international markets, the purchase of significant quantities of supplemental chicken on the open market, and a migration away from fixed-pricing of Tyson products.
The National Geographic Greendex survey ranks people based on the environmental impact of their consumer behavior, including the Mexicans, Argentineans, Australians, Hungarians, Spanish and Americans, who lead the world in at-least-weekly chicken consumption.
One ship headed north to the U.S. is loaded with Brazilian ethanol made from sugar cane. The other ship headed south to Brazil is loaded with U.S.-produced corn ethanol. Unfortunately, it is no joke but an example of how government’s intervention in economic markets seldom turns out well. The facts about this trade are not new but surfaced recently in a question to Purdue University’s Dr. Wallace Tyner, who was speaking at the National Chicken Council meeting about EPA’s pending decision concerning a possible waiver of the Renewable Fuel Standard for corn ethanol in 2013.