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Chicken prices collapsed alongside demand in the second half of 2022, with boneless breast and wing prices falling sharply from May highs. Broiler production rose nearly 3% year over year in Q3 and chick placements were up 5%, adding to supply.
Weaker broiler margins and rising supply point to lower poultry meal and feed demand, which is bearish for feed ingredient prices tied to chicken production.
wattagnet.comMark JordanNov 2, 2022Not enough comparable past events yet for a historical read.
Not 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.
