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Chicken prices have begun to fall after staying stubbornly high through the year despite some other meat prices easing. Strong demand, supply issues and breeding problems with under-performing roosters kept pressure on poultry prices.
Easing chicken prices reduce the pull on poultry demand for feed, though supply tightness has eased only partly, so feed buyers should expect softer broiler-related feed demand into 2023.
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.