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A Wells Fargo report said it is difficult to confirm collusion among top US poultry companies in lawsuits covering 2008 to 2016. The report attributes higher poultry costs largely to ethanol-driven corn demand and the 2010 to 2012 drought, which more than doubled feed costs.
The analysis ties past poultry pricing to corn feed costs, highlighting how corn demand from biofuels feeds through to broiler economics, though it describes historical rather than current drivers.
wattagnet.comJul 10, 2018After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
