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Chicken processors are struggling to keep up with demand, with USDA data showing broiler head and pounds produced down in Q1 2021. Wing and boneless breast demand is strong, and a winter storm in Texas and nearby states, major chicken-producing regions, has tightened supply.
Lower production combined with strong demand for breast and wing cuts supports chicken prices. The winter storm's lingering effects keep supply tight into the summer.
provisioneronline.comElizabeth FuhrmanAug 28, 2021Not 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.
