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Rabobank's Poultry Quarterly says poultry demand could benefit from a coronavirus-driven slowdown because of its price competitiveness, but logistics and labor constraints may hit supply. The bank sees a significant U.S. oversupply, with composite chicken prices forecast down 9% in 2020.
A forecast 9% decline in U.S. chicken prices, driven by oversupply and weak breast meat prices, points to bearish pressure on chicken values. ASF-driven Asian pork shortfalls could support poultry import demand.
meatingplace.comSusan KellyApr 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.
