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Sanderson Farms estimates US broiler production will grow 3% annually from 2019 through 2021, the fastest expansion since 2005, driven by new processing plants. Per-capita chicken consumption is forecast to reach a record 92.4 pounds this year.
Rapid capacity growth increases broiler supply and could weigh on chicken prices, while supporting strong feed grain and meal demand from the sector.
farmprogress.comBloombergFeb 8, 2018Not enough comparable past events yet for a historical read.
After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 44 past bullish macro events, Soybean Meal moved a median -0.6% over 5 sessions (34% higher; middle half -1.9% to +0.9%), and -2.9% 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.
