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USDA's Livestock, Dairy & Poultry Outlook reported February broiler meat production of 3.2 billion lb, about 1.7% above last year on a per-day basis. Average bird weights were marginally below a year earlier, only the third time since 2012 that weights failed to rise.
Broiler exports in February were 545 million lb, up 2%.
Higher output with lower weights signals a modest supply increase that is limited by smaller birds, so the net effect on chicken prices is small. Egg-set growth points to continued supply expansion.
feedstuffs.comKrissa Welshans 1Apr 17, 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.
