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Dr. Paul Aho reviews 2022 broiler economics, noting that US boneless breast prices fell from a May peak of $3.50 to $1.00 per pound in December. Corn fell from $8 to $6.50 per bushel, and he expects a grain bear market in 2023 barring drought.
Falling feed grain prices lower broiler production costs, but softer breast meat prices weaken chicken margins. A 2023 grain bear market would reduce feed cost pressure absent drought.
thepoultrysite.comSarah MikesellJan 3, 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.
