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USDA reported record chicken cold storage stocks at the end of October, up 8% to 942.9 million pounds, with total poultry up 4%. Pork stocks fell 5% and beef rose 2%, and new monthly records were set for chicken breast and drumsticks.
Record stocks amid steady-to-slow demand point to lower chicken prices and softer demand for poultry feed inputs.
brownfieldagnews.comNov 21, 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.
