USA— American multinational meat processing corporation, Tyson Foods Inc. has completed a US$50 million feed mill to supplement its turkey operations in Storm Lake, Iowa.
The new facility adds 69 acres to the company’s existing turkey complex, which includes grow-out facilities, a research firm and a processing plant.
“The feed mill will be a critical piece to our business operations, and we look forward to seeing its impact across the United States and right here in Iowa,” said Noelle O’Mara, group president of prepared foods at Tyson Foods.
Tyson uses corn and soybean meal from about 70 farmers within a 60-mile radius of Storm Lake to supply feed for the turkeys at its operations.
“The feed mill investment is critical to Storm Lake’s operations allowing team members to use the latest technology to manufacture ideal formulated feed that consistently meets nutrient and quality requirements for optimal turkey health,” Tyson said.
The company added that the mill would help support the growth of the Jimmy Dean, Hillshire Farm, State Fair and Ball Park products.
According to FAO, Demand for poultry meat and eggs is expected to continue increasing due to population growth and rising individual consumption, further aided by stable economic growth forecasted in many developed and developing countries.
The global poultry market size is expected to grow to US$493.21 billion in 2026 at a CAGR of 8.9%. Within this category, the global poultry feed market size is expected to surpass around US$ 264.6 billion by 2030 and expanding growth at a CAGR of 4.5% from 2022 to 2030, according to Precedence Research.
Tyson Foods has been executing aggressive strategies to improve efficiency in chicken production in order to meet the soaring demand for its products. Recently the company opened a US$75 M poultry feed mill in Arkansas, invested US$90million in an expansion project at its Mississippi plant to increase chicken processing capacity and has also sank a US$208 million investment in a new rendering facility in Alabama.
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