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LMIC says the US chicken and turkey industries are in a stronger financial position than a year ago, with consumer demand improved. Wholesale wing and leg prices rose sharply in the first half of 2019, driven by domestic demand rather than exports.
Strong wholesale chicken prices and improved margins support higher bird placements and sustained demand for poultry feed.
Not 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.