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The WATT/Rennier Poultry Confidence Index rose to 149 in the third quarter of 2021 from 120 in the prior quarter. Respondents cite strong domestic and export chicken demand, worker shortages and breeder fertility problems, alongside rising feedstuff and energy costs.
Strong demand and labor and breeder constraints point to continued firm chicken prices, while rising feed costs squeeze processor margins. The survey itself is sentiment data and does not directly change supply.
wattagnet.comGreg RennierSep 13, 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.
