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A Wall Street Journal report says US chicken breeders are hatching a lower share of eggs, at 81.52 percent since January, the lowest average since early 2007. Industry experts link the problem to top-heavy breeder birds and ageing flocks.
Wholesale boneless breast prices have risen 68 percent and consumer prices 3 percent.
Lower hatchability cuts the supply of broilers, which can lift chicken prices and reduce the chicken supply competing with red meat. Shortfalls in chicken supply tend to support feed demand over the coming months as flocks are rebuilt.
consumeraffairs.comChristopher Maynard , News Manager & EditorJun 20, 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.
