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CoBank reports that US chicken wholesale values remain under pressure despite output growth. Weekly USDA data showed broiler harvest up roughly 2%, including record monthly production.
Lower cold-storage holdings year on year suggest the market is not yet severely backed up.
Heavier broiler supply against soft demand keeps chicken cutout prices weak, which lowers the value of poultry and the cost of competing protein for feed buyers.
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.