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Broiler feed costs have been stable since 2015 but are expected to rise 3% to 5% in 2020. US ready-to-cook chicken output rose nearly 3% in 2019 and is forecast to climb another 3% to more than 45 billion pounds in 2020.
Record broiler supply is expected to weigh on chicken prices, while modestly higher feed costs are a cost pressure for integrators that will support feed demand in the broiler sector.
wattagnet.comMark JordanJan 2, 2020Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
