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Reuters reports that China's Wen's Foodstuff is using genetic research to develop meatier broiler chickens for processing and supermarket channels. The company's pig business is also suffering from a sharp price slump.
Genetic improvements in broiler breeding change long-run chicken output efficiency but have little near-term effect on feed demand or prices.
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.