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A University of Wisconsin poultry professor says chicken demand remains high while short-term supply is limited. Causes include companies cutting bird replacement during the pandemic, Texas winter storms that hit broiler output, and slow return to normal processing.
He also notes that high feed costs are raising production expenses.
Reduced flock replacement and processing constraints tighten chicken supply, which supports higher retail and wholesale prices. High corn and soybean meal costs add to producer expenses.
midwestfarmreport.comPam JahnkeMay 22, 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.
