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University of Missouri analyst Scott Brown says chicken breast prices are at their highest in two years and chicken wing prices are above $2 per pound, the highest since 2015. Chicken production is flat in 2017 and beef is leading meat production growth instead of poultry.
Brown expects beef and pork prices to stay supported.
Firm chicken prices and flat poultry output support red meat prices and hold back poultry-led growth in feed demand. The comment describes price levels rather than a new shock.
brownfieldagnews.comMeghan GrebnerJun 5, 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.
