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American Farm Bureau Federation economist Bernt Nelson says turkey and egg prices are at record highs due to supply disruptions from HPAI. Since August 26 there have been 23 new HPAI cases, and fall detections are well below spring levels.
Lower fall detections suggest supply will be sufficient for Thanksgiving, but forecasts of lower 2023 supply and higher demand point to sustained high poultry prices. This supports the bullish outlook for chicken.
aginfo.netSep 29, 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.
