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Bloomberg explains that chicken remains plentiful and cheap in the US while beef and pork are pricey and scarce due to slaughterhouse virus outbreaks. Most chicken slaughter is automated, unlike cattle and hog processing.
Chicken's relative abundance versus tight red meat supply shapes demand substitution and keeps chicken prices under pressure.
bloomberg.comJustin FoxMay 11, 2020Not enough comparable past events yet for a historical read.
Not 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.
Published May 11, it highlights beef scarcity from slaughterhouse outbreaks, which supports packer margins and bullish sentiment toward fed cattle.
