In the third quarter, Tyson Foods closes on the acquisition of Williams Sausage Co. and records a goodwill impairment charge of $210 million in Tyson Foods' Chicken segment.
Currently, one of the greatest challenges for chicken processors is keeping up with demand. According to the U.S. Department of Agriculture, broiler head produced was down 4 percent in the first quarter of 2021, and pounds produced declined 3 percent.
The U.S. Department of Agriculture (USDA) estimates chicken production this year will reach a record high of 38.45 billion pounds on a ready-to-cook weight basis, about 1.7 percent above 2013, a percentage increase comparable to last year’s rate.
The Egg Industry Center has released a landmark study that shows that while U.S. egg production has increased over the past 50 years, the industry has also been able to significantly decrease its environmental footprint.