China’s rising meat consumption draws U.S. companies

As China has rapidly shifted from a rural society to a more urban society, U.S. meat-production companies have looked to capitalize on new business opportunities. Tyson Foods Inc and Cargill, two of the largest poultry producers in the world, have already established production plants in China. However, some experts say that business abroad has not been profitable yet and that companies are looking to further control their foreign operations.

Americans eat less turkey, send more abroad

The U.S. Department of Agriculture’s Economic Research Service predicts that Americans will eat more than 5 billion pounds of turkey in 2013. However, that total is tens of millions of pounds less than last year, and hundreds of millions of pounds less than just six years ago.