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A WATT/Rennier Poultry Confidence Index survey found about half of US chicken producers changed growing programs in Q1 2019 due to depressed chicken prices. Historically low boneless breast meat prices at the end of 2018 pressured the industry.
Many other producers are holding their current programs.
Producers cutting flock placements or changing programs due to low prices may tighten future broiler supply, but current weak prices point to limited feed demand growth in the near term.
wattagnet.comAustin AlonzoMar 12, 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.
