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A CoBank report says HPAI will be harder for US producers to recover from than the 2014-15 outbreak, with about 40 million birds depopulated this year. Egg prices have almost tripled and turkey breast meat is up 60% to record highs.
The report expects slower recovery due to higher feed, labor and production costs.
A slower recovery of layer and turkey supplies keeps poultry protein prices high for longer, which tends to support demand for alternative proteins. Higher feed and labor costs also add to producer expenses.
meatpoultry.comRachael OatmanSep 7, 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.
