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Kearney consultants write that US supermarket meat sales surged 41% by late April as consumers stocked up, and that retailers imposed purchase limits and raised prices. They argue that US chicken production has remained relatively stable despite plant closures.
Stable chicken supply combined with retail demand swings points to continued pressure on poultry margins rather than a feed-demand boost. Retailers' supply-security moves could sustain demand for chicken and feed inputs, but the effect is modest.
fooddive.comChristopher DoeringJul 6, 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.
