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Economist John Anderson of the University of Arkansas says the poultry industry is making modest gains but faces a slow recovery into 2021. The October WASDE projects a 2020 average broiler price of 70.8 cents per pound, down about 20% from the prior year.
Foodservice demand remains sluggish.
A projected 20% drop in broiler prices reduces integrator margins and limits feed buying, which is bearish for broiler-linked feed demand. The slow recovery keeps that pressure in place into 2021.
pbcommercial.comMary HightowerOct 30, 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.
