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USDA's Livestock, Dairy and Poultry Outlook shows October broiler production up 0.4 percent year over year after adjusting for slaughter days. Egg sets and chick placements declined year over year in October and November, and first-half 2019 forecasts were revised down.
Slowing large-bird slaughter is also noted.
Falling chick placements and lower forecast slaughter point to tighter broiler supply in early 2019, which supports chicken prices.
meatingplace.comRita Jane GabbettDec 29, 2018Not 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.
