Loading…
The National Chicken Council asked USDA Secretary Sonny Perdue for relief for chicken farmers affected by COVID-19. The letter cites reduced processing workforce, collapsed foodservice demand, high cold storage stocks and trade risk from HPAI, and it asks USDA to use CARES Act funds.
Delayed bird placements and reduced egg sets lower future broiler output, but the request is a lobbying step with no immediate price effect. Any relief payments would mainly support growers' finances.
poultryproducer.comJimApr 14, 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.
