Loading…
Reuters reports that US chicken processors such as Sanderson Farms and Pilgrim's Pride are earning some of the highest margins in over a decade, with share prices near record highs. Cattle feeders and meat packers are also benefiting from cheap grain, and another large harvest is expected to keep feed prices low.
Low feed costs from abundant grain supplies keep integrator margins strong, which supports continued broiler production and robust demand for feed grains and meal, though it signals limited upside for grain prices.
perishablenews.comTom Polansek, Jo Winterbottom, ReutersJul 25, 2017
reuters.comTom PolansekJul 24, 2017Not 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.
