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ArrowStream's Maloni Report says US chicken production over the six weeks to late January ran more than 8% above year-ago levels. Strong output has been tempering chicken prices and reducing producer profitability.
Heavy production is pressuring chicken prices, and if it persists producers may slow output growth later in 2020, which would ease feed demand over time.
arrowstream.comArrowStreamJan 30, 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.
