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Urner Barry analysts say consumers trading down from higher-priced proteins and seasonal demand should support chicken sales in the second half of 2023. US chicken output rose 1.4% year to date on heavier weights and higher slaughter, while boneless breast, tender and wing prices are down roughly 50-56% from a year earlier.
Steady demand against record production leaves chicken prices near lows but with some support, which may firm feed-grain demand from integrators only modestly.
meatingplace.comChris ScottJul 26, 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.
