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U.S. producer prices for processed poultry hit an all-time high in May, rising 2.1% in the eighth straight monthly increase, per government data. Fast-food chains launched fried-chicken sandwiches while home cooking rose during the pandemic.
Strong chicken demand against labor shortages and winter-storm losses keeps poultry supplies tight, supporting chicken prices and feed demand for broiler operations.
farmprogress.comBloombergJun 15, 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.
