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WATT's annual survey shows the top US broiler companies raised or maintained production in 2018, with output up about 0.6 percent. Many companies also invested in new plants and facility upgrades.
The survey notes that boneless breast prices hit a record low in 2018 and that 2019 may be difficult for the industry.
Continued expansion adds broiler supply into a market already showing weak breast meat prices, which points to lower chicken prices.
wattagnet.comAustin AlonzoMar 7, 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.
