# U.S. Meat-Plant Changes Signal End of the 99-Cent Chicken - Bloomberg

> Bloomberg reports US meatpackers are considering major operational changes, including automation and slower line speeds, to prevent COVID-19 infections. The changes are expected to raise costs for an industry that has supplied cheap meat.

- Date: 2020-05-12 · published 2020-05-12T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/53283-u-s-meat-plant-changes-signal-end-of-the-99-cent-chicken-bloomberg
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Higher processing costs and slower lines may lift chicken and red meat prices over time, with limited near-term effect on feed grain demand.

## Read by commodity

- HOGS: bullish ▲
- CHICKEN: bullish ▲
- LCATTLE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2018-06-15 | [$120m upgrade arms Kilcoy plant for global beef opportunity + VIDEO - Beef Central](https://feedsoft.ai/events/64628-120m-upgrade-arms-kilcoy-plant-for-global-beef-opportunity-video-beef-central.md) | -0.4% | -1.7% |
| HOGS | 2021-08-27 | [U.S. Food Suppliers Are Having Trouble Keeping Shelves Stocked \| 2021-08-27  \| SupplyChainBrain](https://feedsoft.ai/events/9828-u-s-food-suppliers-are-having-trouble-keeping-shelves-stocked-2021-08-27.md) | -0.4% | -5.6% |
| HOGS | 2018-09-19 | [Monthly Market Update: Florence impacts, macroeconomics, and IMO 2020 - FreightWaves](https://feedsoft.ai/events/63230-monthly-market-update-florence-impacts-macroeconomics-and-imo-2020-freightwaves.md) | +7.3% | +6.3% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-05-12/human-cost-signals-end-to-99-cent-chicken-for-u-s-meat-packers

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