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A CoBank report says the meat and poultry industry remains strong despite inflation. Foodservice demand rose over the summer, US beef, pork and chicken exports are on pace for record highs, and freezer broiler stocks are 20% below last year.
Labour shortages and low hatchability will keep supply tight into 2022.
Tight broiler supply and strong export demand support chicken prices and sustain demand for feed ingredients into next year.
meatpoultry.comRyan McCarthyOct 11, 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.
