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Global News reports that US chicken prices have hit record highs, with Tyson closing six chicken plants this year to cut costs. The USDA projects per-capita chicken consumption above 100 pounds this year for the first time.
Canadian economist Mike von Massow says supply management will likely shield Canadian consumers from similar price spikes.
US production cuts tighten poultry supply and support feed demand for US producers, while Canada's supply management limits the spillover. The price impact on feed markets is limited to the US.
globalnews.caSean PrevilOct 7, 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.
