
U.S. chicken slaughter was down 3.9% year over year, while beef production fell 5%; pork output rose 2.5% week over week and pork prices were at multi-year lows. The report also noted lower lettuce prices, higher avocado prices amid a Mexican harvest stoppage, and reduced Northwest milk output linked to avian flu.
Tight chicken, beef, and milk supplies could support prices, while low pork prices may offer a buying opportunity but leave room for an upside rebound. Chicken pricing is expected to remain flat and supply-limited in the near term.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.