
The November WASDE lowered the 2026 red meat and poultry production forecast, with lower beef and broiler output offsetting higher pork and turkey production. For 2027, broiler production was cut and turkey and egg production were raised, and broiler prices for Q4 2026 were lifted on recent price strength.
Lower broiler output and higher broiler prices tighten chicken supply and support demand for feed grains and meals in poultry rations, while higher turkey and egg output adds some offsetting supply. Net effect is modestly supportive for chicken prices.
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.