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The WATT/Rennier Poultry Confidence Index rose to 126 in Q1 2021 from 102 in Q4 2020, with the present situation and expectations sub-indices both gaining. Respondents cited COVID-19 vaccinations and expected restaurant reopenings as drivers of foodservice demand.
Improving industry confidence and expected foodservice recovery point to firmer poultry demand and feed use, though the effect on prices is gradual.
wattagnet.comGreg RennierApr 2, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
