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Wingstop's CEO said chicken wing spot prices have fallen almost 40 cents per pound from their peak as of early November. He expects continued supply growth to rebalance the market toward pre-pandemic levels next year.
Easing wing prices signal improving chicken supply, which pressures chicken prices lower and reduces the cost of chicken-based inputs over time.
cnbc.comKevin StankiewiczNov 3, 2021Not 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.
