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UK wholesale deadweight chicken prices reached £152.25/100kg on 1 October, up 17.6% year on year and the highest in Mintec's records. Higher feed costs, a summer CO2 shortage that forced gas-to-electric stunning, and labour shortages linked to Brexit pushed costs up.
Feed wheat peaked at £194.25/tonne in August, up 31% year on year, so higher grain costs are squeezing poultry margins and supporting chicken prices as a substitute protein.
thegrocer.co.ukKevin WhiteNov 22, 2018Not 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.
