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Canadian chicken producers cut output by more than 50,000 tonnes after food service demand collapsed during COVID-19 closures. Wholesale prices fell 20-45% by end-April, and FAS estimates 2020 chicken production at 1.315 million tonnes, down 1%.
Lower Canadian broiler output reduces domestic feed grain and meal demand, a bearish factor for feed ingredients in Canada.
foodagribusiness.worldNatalie KinsleyJun 8, 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.
