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CoBank reports retail and wholesale prices for chicken wings and boneless breast meat have fallen sharply in recent months. The report says lower prices give grocers and restaurants an opportunity to feature chicken as an inflation-friendly protein ahead of the grilling season.
Lower wholesale chicken prices signal softer poultry demand relative to supply and may encourage promotions that lift volumes, while US beef production falling to its lowest since 2017 could support substitution toward chicken.
thepoultrysite.comMelanie EppApr 13, 2023Not enough comparable past events yet for a historical read.
Not 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.
