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Rabobank's latest Agribusiness Review says chicken prices, excluding wings, remain depressed by excess protein supplies. Boneless breast meat fell 2% to 86 cents/lb and is expected to decline through year-end.
August chicken exports fell 2.2%, with double-digit drops in three of the top four markets.
Large chicken supplies and weak export demand keep breast and leg-quarter prices under pressure, which weighs on poultry feed demand. Wing prices are the exception, supported by foodservice demand.
feedstuffs.comKrissa WelshansOct 28, 2020Not 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.
