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CoBank's Poultry Outlook says US poultry profitability is under pressure as meat prices fall amid growing supply. Six new processing plants are expected by 2020, and the bank notes the industry is more responsive to demand than in past downturns.
Expanding US processing capacity and falling meat prices point to continued pressure on chicken prices, though stronger balance sheets may limit cutbacks in feed purchases.
meatingplace.comSusan KellyJul 4, 2019Not 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.
