By Patrick Thomas
The American chicken industry stands to lose from China's plan to hit all U.S. goods with an additional 34% tariff and suspend imports from some poultry suppliers.
U.S. chicken companies, including Tyson Foods, Pilgrim's Pride and Wayne-Sanderson Farms, rely on exporting chicken products that Americans don't typically eat to China and other Asian countries. Especially things like the feet, or paws, as the industry calls them.
China and Hong Kong imported more than $600 million worth of chicken from the U.S. last year, down 25% from the prior year. Shares of Tyson and Pilgrim's Pride slipped Friday.
Chicken giants love selling to China and other Asian countries because buyers there will pay a premium for chicken feet. Otherwise, companies typically sell them to pet-food makers-at a lower cost.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
April 04, 2025 10:43 ET (14:43 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。