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Home » Koch Foods: Poultry industry may lose on feed costs
The U.S. chicken industry may become unprofitable in the fourth quarter because feed costs have surged as a drought wilts cornfields across the Midwest, said Koch Foods Inc. CEO Joseph Grendys.
“Costs have gone up so much due to the drought that the industry will be forced to get price increases of 10 to 15 percent across all product lines” for 2013 over this year, Grendys said, reports Bloomberg BusinessWeek.
