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USDA data show November US broiler production rose 4.2% on an adjusted basis, with slaughter and live weights both increasing. The 2020 US broiler production forecast was raised to 45.4 billion pounds, almost 4% above 2019.
Larger broiler supplies and higher cold storage stocks are expected to keep whole bird prices about 3% lower in 2020, which weakens chicken prices and feed demand.
thepoultrysite.comRyan JohnsonFeb 7, 2020Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
