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Wholesale fresh chicken prices at Smithfield have risen strongly over the past month and are at their highest level in five years. The rise follows a sharp cut in poultry imports from Brazil into the EU due to disease-related issues.
Reduced Brazilian supply into Europe tightens poultry availability and lifts prices, supporting demand for feed grains and meal tied to chicken production in the region.
foodagribusiness.worldKen RandallJun 25, 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.
