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USDA's latest broiler market report shows whole bird and fryer prices trending steady, with demand light to moderate. Hatchery sets were down 1% from a year earlier and broiler chick placements were also lower.
Steady broiler prices and fewer chicks placed point to flat-to-lower near-term broiler output, a neutral to mildly bearish signal for feed grain demand.
thepoultrysite.comMegan HowellAug 21, 2020Not enough comparable past events yet for a historical read.
Not 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.
