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Chicken prices fell sharply in the week reported, with wings, breasts and tenders all lower for the following week. Production stayed strong while demand weakened, and egg placements and hatch rates rose.
Bird flu reports added 18 detections, with 168,000 birds removed and 47.7 million birds affected so far this year.
Weak chicken demand and heavy production pressure poultry prices, which can reduce producer margins and dampen near-term buying of poultry feed.
castro.fmOct 21, 2022Not 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.
