High Corn Prices = Less Capacity = Higher Chicken Prices
Sanderson Farms (SAFM) is delaying construction of a North Carolina poultry complex due to escalating prices of corn and soybean meal.
Taking a political shot at the Washington crowd the company said A third of the United States corn crop is now expected to be used to produce ethanol, the poultry industry and other animal feeders are being challenged by increasingly tighter supplies of grain and historically high prices.
Sanderson Farms (SAFM) is delaying construction of a North Carolina poultry complex due to escalating prices of corn and soybean meal.
Taking a political shot at the Washington crowd the company said A third of the United States corn crop is now expected to be used to produce ethanol, the poultry industry and other animal feeders are being challenged by increasingly tighter supplies of grain and historically high prices.
