Farha Aslam
Farha Aslam
amount anticipate both cold environment few given historic leg meat near next poultry pressure prices quarter quarters record remain skin
The poultry environment in the first quarter was very challenging with prices for both boneless skin breast meat and leg quarters near historic lows. Given the record amount of poultry in cold storage, we anticipate prices will remain under pressure for at least the next few weeks, if not months.
caused credit currently difficult dynamics extremely foods industry largest margins poultry pressured profit ratings sales tyson
Tyson Foods is currently experiencing extremely difficult industry dynamics in two of its largest businesses, poultry and beef. This has severely pressured sales and profit margins and has caused Tyson Foods' credit ratings to deteriorate.
beef believe headlines largest negative tyson
We believe these headlines are negative for beef processors, particularly Tyson Foods, the largest U.S. beef processor.
caused definitely demand leg market poultry prices
Avian influenza has definitely impacted the demand for poultry in the international market and caused poultry prices to weaken, particularly leg quarters.
anticipate difficult earnings market notable poultry pressured pricing pride results trends weak
The market had already factored in the pretty weak results in beef, but Pilgrim's Pride earnings highlighted the difficult trends in poultry. We anticipate poultry pricing will be pressured through at least spring, barring any notable AI outbreaks.