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Tyson Foods announced on April 15 a $208 million poultry rendering plant in Hanceville, Alabama, to replace a facility lost to a July 2021 fire. The plant is expected to be completed in mid-2023 and will retain 124 employees.
Rendering capacity converts poultry by-products into meat meal and fat for feed, so restoring Hanceville's roughly 750,000 tons of annual output gradually adds protein meal supply in the Southeast, a modest bearish factor for meat meal over time.
meatpoultry.comJoel CrewsApr 18, 2022Not 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.
