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Spot US chicken prices have fallen 18% from their summer barbecue-season peak. Production indicators such as chick placements, egg fertility and slaughter numbers point to supply catching up with strong demand.
Rising broiler supply pushes chicken prices lower, which weighs on packer margins that have offset beef losses. Cheaper chicken also keeps competition for other proteins high.
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.