Cagle’s poultry processor cuts production
Another US chicken processor, Cagle’s Inc., has announced a cut in production. The company will cut chicken production, effective immediately, by 4%.
Cagle’s joins Simmons Foods, which this week cut chicken production by 6%, and Fieldale Farms, which announced a cut in production of 5%.
High feed costs are a major factor in these companies cutting production.
High feed costs are a major factor in these companies cutting production.
“Current chicken prices have failed to reflect the tremendous increase in the cost of feed,” Doug Cagle, president and CEO. “The cutback in production will not affect our customers with existing commitments but will reduce product being sold through less profitable commodity outlets.”
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