U.S. places $40 million chicken order
Posted August 21, 2011
NEW YORK (CNNMoney) — The United States is stepping in to help bail out another American industry — chicken farmers and meat processors.
The nation’s chicken industry is having a difficult year. Chicken producers are struggling with higher costs of running their business at the same time that consumers are buying less meat.
This has created a glut of chicken products in the market.
Total chicken production in the first half of 2011 rose 4% compared to the same period a year ago, while demand for chicken has cooled, according to the National Chicken Council.