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US chicken prices are rising even though October production hit record levels. Frozen chicken holdings were about 70.8 million pounds below the five-year average, and whole-bird inventories fell sharply year over year.
Strong demand relative to lower cold storage stocks supports chicken prices heading into the new year. Feed-buyer demand for poultry feed should stay firm while production is absorbed.
expanamarkets.comElsi RodewaldDec 3, 2024Not 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.
