# Pilgrim’s Pride expects chicken rebound as beef and pork supplies tighten | Agriculture Dive

> Pilgrim's Pride expects chicken sales to rebound as constrained beef and pork supplies make poultry more affordable to consumers. Adjusted earnings beat expectations, though second-quarter net income fell 83%. The USDA raised its 2023 broiler production outlook by 2%, and beef and pork output is expected to fall next year.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/35191-pilgrim-s-pride-expects-chicken-rebound-as-beef-and-pork-supplies-tighten
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md)

## Why it matters

Tighter red meat supply favors chicken demand, which supports broiler prices, while a larger broiler crop caps the upside and supports feed use.

## Read by commodity

- CHICKEN: bullish ▲
- LCATTLE: bullish ▲

## Sources

- agriculturedive.com: https://www.agriculturedive.com/news/pilgrims-pride-chicken-rebound-beef-pork-inflation-earnings/689334/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.