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Americans to Eat Record 1.42 Billion Chicken Wings for Super Bowl LV
The COVID-19 pandemic has changed our lives in many ways. One thing that hasn’t changed: America’s love for chicken wings. This is no more apparent than on Super Bowl weekend, when Americans will devour a record 1.42 billion wings while watching the Kansas City Chiefs and Tampa Bay Buccaneers battle for the Lombardi Trophy.
This figure is up 2% from last year, according to the National Chicken Council’s annual Wing Report.
There are several reasons for the uptick, says National Chicken Council spokesman Tom Super. “If you think about it, restaurants like wing joints and pizza places were built around takeout and delivery, so they didn’t have to...
Sanderson Farms Reports Results for Fourth Quarter and Fiscal 2020
Sanderson Farms, Inc. reported results for the fourth quarter and fiscal year ended October 31, 2020.
Net sales for the fourth quarter of fiscal 2020 were $940.0 million compared with $906.5 million for the same period a year ago. For the quarter, the Company reported net income of $27.9 million, or $1.26 per share, compared with...
ANALYSIS: A Challenging Year for Chicken Tenders
2020 has been anything but a traditional year for the chicken industry and line run tenders are no exception...
ANALYSIS: August Chicken Exports - The Devil is In the Details
What a difference a year makes. About this time in 2019, chicken processors and allied components of the industry were licking their chops in anticipation of...
Bell & Evans Begins Construction On an Organic Chicken Facility
Premium poultry producer Bell & Evans began construction on a new 411,500 square foot, Organic-Certified Chicken Harvesting Facility in Fredericksburg, Pennsylvania. The first precast walls were placed in July, and the facility will be operational by late 2021. The project will cost the company approximately $330 million and double its current production capacity.
Bell & Evans produces 100% premium Raised Without Antibiotics chicken and Organic chicken, approximately 60% and 40% of its business, respectively. The additional capacity will allow Bell & Evans to continue expanding...
ANALYSIS: Don’t Count Your Chickens Before They Hit The Scale
When it comes to boneless breast valuation, most players would agree that, other than finicky demand, the seasonal ebb and flow of bird weights is perhaps...
Sanderson Farms Reports Results for Third Quarter of Fiscal 2020
Sanderson Farms, Inc. reported results for the third fiscal quarter and nine months ended July 31, 2020.
Net sales for the third quarter of fiscal 2020 were $956.5 million compared with $945.2 million for the same period a year ago. For the quarter, the Company reported net income of $32.8 million, or $1.48 per share, compared with...
ANALYSIS: For Chicken Processors, “Normal” Can’t Come Soon Enough
Between the ongoing challenges associated with plant worker absenteeism, fluctuating slaughter figures and the unpredictable pull from both...
ANALYSIS: The Growing Price Gap Between Jumbo and Select Sized Boneless
Last year, we published an article titled, “Boneless Chicken Breasts and the New Norm” which shed light on...
ANALYSIS: Heavy Chickens and More of Them
Keen observers of the chicken market are well aware of the growing price spread between medium and jumbo-sized product...
ANALYSIS: A Bird’s Eye View of YTD Chicken Production
With mid-year just around the corner, this week we thought it would be a good opportunity to investigate how chicken headcount and average live weights are stacking up against...
ANALYSIS: Keeping Tabs on YoY Chicken Prices
With Q2 just around the corner, we thought it would be a good opportunity to gain some perspective on the YoY performance of some key items within the chicken complex...
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