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US broiler cutting prices declined for most items in the latest week, except minced meat and chicken legs. China, South Africa and the Dominican Republic maintain bans on poultry from US states that reported avian influenza, while Mexico has largely lifted bans.
Export losses from the outbreak are estimated at $895 million.
Continued export bans limit US chicken demand abroad, so weaker cutting prices add pressure on domestic poultry values and integrator returns.
tridge.comVictor LangatAug 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.
