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USDA's Economic Research Service outlook projects US broiler production rising 2.3% to 42.6 billion lb in 2018, with total meat and poultry output near 104 billion lb. Prices are expected to be slightly lower as production growth outpaces export gains.
Higher broiler output with only partly offsetting exports points to softer chicken prices and some pressure on demand for feed grains and meal.
feedstuffs.comJacqui FatkaFeb 28, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
