Eggs That Won't Hatch? Pilgrim's Warns About US Chicken Supply [BNN Bloomberg (Canada)]
Pilgrim's Pride Corporation (PPC)
Last pilgrim's pride corporation earnings: 4/29 05:12 pm
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Source: BNN Bloomberg
An unusually high number of eggs in incubators, typically used to grow new supplies, aren't hatching any birds, according to Pilgrim's Pride Corp. Pilgrim's, one of the world's largest chicken producers, said persistent hatchery issues across the industry mean chicken production this year may grow less than the 1.5% projected by the US Department of Agriculture. The problems stem from a new breed of roosters that require closer management — a key cause of the decline in fertility rates that's slamming the industry, Pilgrim's Chief Executive Officer Fabio Sandri said Thursday on a conference call with analysts to discuss company earnings. “We don't have the housing to separate the males by weight. We don't have the labor to individually weigh all those males to make sure that they are at the optimal weight for the reproduction,” Sandri said. The number of eggs hatched has steadily declined in recent years and in 2024 has averaged about 77% of total eggs in incubators, accordin
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PPC
Earnings
- 5/1/24 - Beat
PPC
Sec Filings
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- 5/8/24 - Form 4
- PPC's page on the SEC website