It’s safe to count chickens even before they hatch

Pilgrims Pride

30/10/2024 16:33

(The author is a Reuters Breakingviews columnist.  The opinions
expressed are his own.)
    By Robert Cyran
       NEW YORK, Oct 30 (Reuters Breakingviews) - Bigger and
faster-growing fowl keep pushing prices lower and consumption
higher. The $50 bln US industry is cooking, evidenced by
Pilgrim’s Pride’s profitability, Chick-fil-A’s entertainment
app, and more. None of it, though, will end a cyclicality that
runs like cluckwork.
    
    Full view will be published shortly.
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    CONTEXT NEWS 
    Pilgrim’s Pride, a producer of poultry and pork, is due to
report its third-quarter financial results on Oct. 31.

    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Americans keep eating more chicken    https://reut.rs/4e10Q8O
Chickens bred to eat are still getting bigger    https://reut.rs/48mFWzv
Pilgrims Pride's wild poultry ride    https://reut.rs/3AcR5q8
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 (Editing by Jeffrey Goldfarb and Pranav Kiran)
 ((For previous columns by the author, Reuters customers can
click on  CYRAN/ 
robert.cyran@thomsonreuters.com))