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US whole chicken prices held steady despite a slight drop in domestic and export demand. Leg meat supply is high and thigh meat is oversupplied, with frozen whole legs at USD 0.63/lb FOB and jumbo drumsticks at USD 0.55/lb.
Ample leg and thigh supply with softer demand points to flat-to-weaker US chicken prices, limiting support for poultry feed demand.
tridge.comKyle WeathersbyAug 11, 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.
