Meat production expected to rise to 20-year high

U.S. meat production is forecast to increase 3.8% this year to mark the biggest jump in more than 20 years.

Growing flocks and herds in the U.S. have helped to boost profit for meat producers such as Tyson Foods (TSN -0.1%), Sanderson Farms (SAFM) and Pilgrim"s Pride (PPC +0.5%) as supply keeps up with demand. Cheap grain has also been a bottom line driver.