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At the Sosland Purchasing Seminar, StoneX's Adam Stout said demand for beef, pork and poultry remains strong while protein production is lower. Retail protein prices are near record highs, and the Russia-Ukraine war is raising costs indirectly, including for beef and turkey.
Strong demand against lower output supports protein prices, and widespread drought is flagged as a further supply risk for livestock and feed costs.
meatpoultry.comRachael OatmanJun 14, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
