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Mintec reports the US chicken price fell 13.1% month-on-month to USD 1.3/lb in mid-August 2022 as broiler meat in cold storage rose to 736.4 million pounds. Egg prices also fell 15.8% to USc 15/egg on larger layer hen inventories.
Rising cold-storage stocks and weak export prospects add downward pressure on US chicken prices, which weighs on poultry-meal and feed demand outlooks.
mintecglobal.comRutika GhodekarAug 26, 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.
