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BYND - Sanderson Farms: Defensive Value With Growth Potential
Beyond Meat Inc.
In December 2021, Chicken prices increased to $2.74 per kg, up a massive 17% from the month prior.
The average annual Chicken price is forecast to rise from $2.26 per kg to $2.30 per kg in 2022. - Euro Meat News.
Sanderson Farms is the 3rd largest poultry processor in the U.S. and is already riding the wave of higher Chicken prices, with increased profitability.