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A Market Trends podcast says chicken prices are rising for next week, with wings, boneless breasts and tenders up, while demand stays strong. Hatch rates fell to 78.9%, below the 80% concern level, and Texas cattle illness has been identified as avian flu that crossed species.
Lower hatch rates and rising chicken prices point to tighter broiler supply, and avian flu in cattle raises disease risk for the livestock sector.
foodie.sysco.comMar 22, 2024Not enough comparable past events yet for a historical read.
After 69 past neutral disease events, Live Cattle moved a median -0.1% over 5 sessions (42% higher; middle half -0.8% to +0.6%), and +0.9% 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.
