Probably a "piecework" token from a poultry dressing operation. The way it may have worked is the worker would get a crate of 10 chickens to dress, then when the crate was complete, he/she would turn in the crate and receive a token, then go get another crate. At the end of the day, he/she would turn in all the tokens to the paymaster and get paid the going rate. This way, the rate per chicken could change without having to change the value of the tokens. The T on the reverse looks stamped in or "counterstamped". That is often an indication of some sort of change in the business - perhaps it was sold at some time and the old owner would be responsible for redeeming all the unstamped tokens.
Where was it found - that might be a clue as to what the company's name was.
Remember the old Smothers Brothers song about "my old man's a cotton-picking chicken plucker..."
John in ID