The month of May has proved trying for large chicken producers as several major companies have encountered significant losses due to an influx in the cost of corn.
According to the Wall Street Journal on May 9th, 2011, the price of chicken feed has surged while the price of chicken has stayed fairly steady; therefore instilling a gap between the cost of feeding chickens and the price paid for the chickens when they are sold to factories. The cost of chicken has risen a mere 3.7% compared to the cost of beef which has risen nearly 20% since last… Continue reading