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Former Tyson Foods chicken growers are shifting to egg production after Tyson closed six plants, with some suppliers forming a cooperative to produce cage-free eggs. Conversion costs are high, and bird flu has culled nearly 10 million commercial egg-laying hens so far this year.
Tyson's plant closures reduce broiler slaughter capacity, which supports chicken meat prices, while the shift into eggs is a slow supply response.
agriculture.comMay 1, 2024
reuters.comTom PolansekApr 30, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
