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Paul Aho of Poultry Perspective said US poultry profitability looks positive for 2017, citing a bottoming commodity cycle, low feed prices lagging other commodities, and economic growth. He noted chicken breast prices are vulnerable while wing prices and foodservice demand remain strong.
Low corn prices and positive profit outlook support expanded poultry production and feed demand, though a weaker breast market could limit gains.
wattagnet.comGary ThorntonFeb 20, 2017After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
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.
