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Rabobank says the poultry trade is adjusting to COVID-19 disruptions and African swine fever, with integrators shifting chicken from foodservice to retail. Producers have cut production sharply, so chicken supply will be lower through summer.
Reduced chicken output through the summer should support broiler prices and firm margins, which can lower near-term demand for feed from integrators.
meatpoultry.comErica ShafferJul 13, 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.
