US poultry industry foresees oversupply, lower efficiency

Although U.S. poultry industry optimism about current conditions remained high during the third quarter of 2016, expectations for future conditions and profits took a tumble.  Oversupply was the primary reason cited for a weakening of future conditions. As one respondent noted, “(We’re) waiting on a surplus of total meat to roll through, especially pork and imported beef. Chicken egg sets are still too high.”