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USDA's FAS projects modest growth in Canadian chicken meat production in 2021 and sees the US keeping over 80% of Canada's chicken imports. Ukraine's production expanded in 2019, and its 2020 output is expected to exceed 2019 levels despite a slowdown from avian flu and lower prices.
Expanding output in Canada and Ukraine adds to global chicken supply, which weighs on export prices, while the Canadian import quota shapes US trade flows.
thepoultrysite.comMegan HowellSep 4, 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.
