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Analysts at Stephens and BMO Capital Markets say chicken processors such as Tyson Foods have more pricing power. Chicken production rose only 0.6%, below the 2% to 3% expected, and chicken cutout margins rose 18% from February to March.
Analysts attribute the tighter supply to lighter bird weights and plant fires.
Tighter supply from lower bird weights and plant outages, plus firmer retail and export demand, is pushing chicken prices and processor margins higher. Lower feed costs support the margin outlook.
talkbusiness.netKim SouzaApr 18, 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.
