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BMO analyst Kenneth Zaslow says US chicken margins are under unprecedented pressure but should recover by late summer or early fall as production is cut by up to 10%. Foodservice demand is recovering and beef and pork plant shutdowns may tighten protein supply.
Expected production cuts and a protein shortage point to firmer chicken prices later this year, supporting feed demand once output falls.
meatingplace.comSusan KellyMay 1, 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.
