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Tyson reported a $46 million quarterly loss, with beef, pork and chicken all under pressure at once. The North American Meat Institute said the U.S. beef herd fell to 89.3 million head in January, its lowest since 2015.
A smaller beef herd and weaker pork and chicken margins signal tighter cattle supply and softer hog and chicken prices, which shifts demand across protein feeds.
agri-pulse.comNoah WicksMay 24, 2023Not 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.
