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Aviagen's Dr. Paul Aho says the US chicken industry was slow to expand during the pandemic, so supply tightened and prices rose this year. He expects prices to moderate over the next year as labour shortages ease and production rises, with USDA showing only small production gains.
Expected production recovery points to softer US chicken prices over the coming year, which would reduce pressure on feed demand from broiler growers.
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.