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USDA's November WASDE raised broiler production forecasts for the third and fourth quarters of 2025 and for 2026. The fourth-quarter broiler price forecast was lowered to 110 cents per pound, and turkey production was cut due to avian flu culling.
Higher broiler output with lower prices points to softer chicken prices, which can reduce demand for feed and related inputs. Turkey cuts partly offset this on the poultry side.
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.