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USDA hatchery data show US broiler egg sets and chick placements running above last year, but poultry slaughter has not risen at the same pace. Bird weights are down about 1 percent from 2016 at 6.13 pounds live weight, moderating from last year's spike.
Lighter birds hold back meat output even as chick placements grow, which keeps chicken supply tighter than hatchery numbers imply. That supports chicken prices and modestly reduces demand for feed grains per unit of output.
fb.orgMay 31, 2017Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
