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At the Annual Meat Conference, analysts presented an outlook for poultry, beef and pork, with low concern about drought in 2019. Corn plantings are expected to rise to 93 million acres from 89 million, and the poultry industry expects broiler output to rise about 2 percent.
Chicken profitability was thin in 2018, and seven new plants are coming online over 2019 to 2021.
Expected corn plantings and broiler growth point to ample feed grain and chicken supply, which supports steady to lower prices.
meatpoultry.comKimberlie ClymaMar 5, 2019Not enough comparable past events yet for a historical read.
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.
