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US chicken breast prices have fallen nearly 20 percent from a year earlier, according to USDA data. Boneless, skinless breasts averaged 90.08 cents a pound on Oct.
5, the lowest in USDA records going back to 1992.
Record-low breast prices weaken chicken as a feed-protein demand driver and add pressure on integrators' margins, which can weigh on demand for competing feed ingredients. Cheap chicken also supports consumer substitution away from beef and pork.
bloomberg.comLeslie Patton, Lydia MulvanyOct 10, 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.
