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A Tridge overview says global chicken prices rose to historic highs in August and September 2023 after a brief dip in June and July. Demand was strong in the US and South Asia as beef and pork prices climbed.
Producers have reduced chick placements, and the article expects prices to remain bullish.
Higher chicken prices reflect tight supply and substitution away from red meat, supporting poultry-sector demand for feed. The price trend is a general backdrop rather than a new shock.
tridge.comMzingaye NdubiwaOct 6, 2023Not 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.
