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Rabobank analyst Christine McCracken said at the 2024 Annual Meat Conference that the US poultry industry is well positioned in 2024. She flagged the shift to cage-free egg production, with six states mandating it and more coming, as a future supply risk, and noted broiler productivity is at record lows with hatchability near 79%.
Lower feed costs support broiler margins, but poor productivity and cage-free egg transitions could tighten egg and poultry supply and lift prices.
poultryproducer.comJimApr 17, 2024Not enough comparable past events yet for a historical read.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
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.
