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Sanderson Farms CEO Joe Sanderson Jr. said at a Goldman Sachs conference that chicken wing costs, which surged last year, have priced wings out of menus. Some restaurants are promoting boneless varieties instead.
Cooling wing demand and restaurant menu shifts could soften demand for certain chicken parts, pressuring broiler prices at the margin.
bloomberg.comMegan Durisin Albery, Leslie PattonMay 9, 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.
