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The WATT/Rennier Poultry Confidence Index fell to 112 in Q3 2018 from 128 in Q2, with the expectations and present situation sub-indexes also dropping. Integrators Tyson, Sanderson Farms and Pilgrim's Pride cited weak seasonal pricing and higher competing protein supplies.
Falling poultry sector confidence and weak integrator profits point to cautious chicken production plans, which can reduce demand for feed ingredients over time. Competing protein supplies keep chicken prices under pressure.
wattagnet.comGreg RennierOct 1, 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.
