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The Daily Livestock Report says chicken prices have been recovering since early December, supported by better demand and limited supply. Wing prices last week exceeded their five-year average for the first time since 2017.
The USDA whole-bird composite rose 30 percent from early October to early January before pulling back about 10 percent.
Tighter hatchery output and lower slaughter are lifting broiler prices after a year of weak prices caused by large beef and pork supplies. Firmer chicken prices support poultry margins and feed demand for corn and soybean meal.
meatingplace.comSusan KellyFeb 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.
