Ricochet! Trump's trade wars are hitting the poultry industry


Being put to choose between cheaper pork or beef and poultry, the American consumer is ditching the chicken meat.

Posted on Dec 05 ,09:31

Ricochet! Trump's trade wars are hitting the poultry industry

The domestic demand for US red meat have saved by now the pork and beef sector from the retaliatory measures adopted by Mexico and China but there is another victim in this trade war, US poultry industry.
Lower prices for pork and beef have impacted the sales on poultry, especially chicken meat, with chicken producers losing money or break even in the fourth quarter of 2018, according to Reuters.
Tyson reported last week that quarterly sales missed Wall Street estimates, sending shares lower, even as the company posted a profit. Operating income from chicken fell nearly 34% from a year earlier, while beef operating income was up about 14%.
"All that pork on the market it has spilled over to affecting consumers' demand for chicken", explains Bill Roenigk, an agricultural economist and consultant for the National Chicken Council trade group.
USDA projection for next year indicates only a growth of 1.2% for chicken, while beef and pork are expected to rise by 2.6% and 4.3% respectively.

 NEWSLETTER - Stay informed with the latest news!


Similar articles


23 tonnes of smoked sausages recalled due to misbranding

 23.2 tonnes of ready-to-eat cheddar smoked sausage produced by J Bar B Foods are recalled f...

Read more Read more

Pork exports from the UK fell 15% in December

AHDB analyst Felicity Rusk said that although there was an increase in shipments to China and the...

Read more Read more
Middle East

Meat producers from Wales are searching for new markets in the Middle East

The uncertainty raised by no-deal Brexit scenario is forcing meat producers from Wales to look fo...

Read more Read more
Websolutions by Angular Software and SpiderClass