U.S. exports at risk as bird flu enters heart of poultry country

Y

Yahoo! News

Guest
By Tom Polansek and P.J. Huffstutter CHICAGO (Reuters) - A case of bird flu confirmed Wednesday in the heart of America's poultry region, is certain to mean more export restrictions, increasing U.S. supply and likely forcing the world's biggest poultry companies to trim prices. The U.S. government announced the infection of highly pathogenic H5N2 avian flu in turkeys in Arkansas -- home to Tyson Foods Inc, the world's biggest chicken company. The virus is unlikely to kill enough U.S. birds to offset the drop in overseas demand, however. Shares in producers Tyson, Pilgrim's Pride Corp and Sanderson Farms Inc tumbled on Wednesday, with Tyson's stock price hitting its lowest point in five months and the stock price for JBS SA unit Pilgrim's Pride dropping as much as 9 percent.

Continue reading...
 
Back
Top