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Industry executives at the Chicken Marketing Summit forecast 2-10% more US chicken supply by the end of 2020, with Koch Foods projecting 10% and Rabobank 2%. Closed foreign markets, including China, and competing proteins are weighing on demand.
Rising US chicken output against limited export outlets points to weaker broiler prices and softer demand for feed ingredients.
meatingplace.comTom JohnstonJul 23, 2019Not enough comparable past events yet for a historical read.
After 78 past neutral macro events, Corn moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% 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.
