NEWS
Poultry Industry Roaring Back
Fri May 30, 2014 06:48 AM CDT

(Dow Jones) -- This week's competing bids for Hillshire Brands Co. by the two biggest U.S. chicken companies shows how the poultry industry has roared back from a deep slump during the recession.

Six years ago, Tyson Foods Inc. and Pilgrim's Pride Corp. were struggling mightily amid soaring grain prices and a jump in chicken production that depressed prices for the birds. Tyson shares fell 70% over the course of a year, bottoming at $4.40 in November 2008, while Pilgrim's filed for bankruptcy-court protection the next month.

Now the two companies have far-stronger balance sheets, giving them the heft to ...

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