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Inghams Group reports a profit slump as inflation hits, with A$130 million in inflationary costs. The company warns chicken prices will rise even without a widespread bird flu outbreak.
Cost inflation in Australian poultry processing is pushing prices higher, which supports chicken pricing despite soft profits. Feed buyers in Australia may see stronger poultry demand for feed ingredients if production is maintained.
Not 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.