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Steiner Consulting's commentary says USDA cut its 2017 US broiler production forecast to 41.04 billion pounds, 0.3 percent below earlier expectations. Chicken demand has been robust, with prices higher year over year despite larger supplies.
Productivity appears to be slowing, possibly tied to no-antibiotics-ever production.
A smaller broiler output forecast supports chicken prices and tightens the outlook for poultry feed demand. Slower productivity growth could limit how quickly supply expands.
thepoultrysite.comGlobal Ag MediaAug 21, 2017Not 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.
