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An industry commentary says moderating feed grain prices have encouraged protein companies to expand production. It argues the broiler sector is now almost entirely supply driven, with chicken consumption resilient even though pork is cheaper at retail.
Cheap feed supports continued broiler expansion, which sustains strong demand for corn and soymeal, while the supply-driven sector implies ongoing output growth.
provisioneronline.comTodd SoutherlandMay 15, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
