ANALYSIS: Chicken Production: Crystal Ball or a Heat Mirage
The chicken market landscape has been anything but well-defined over the past several weeks. Regional plant downtime, wide fluctuations in live weight often instigated by heat, and seasonal (less than active) demand patterns are among several variables which make it difficult to hone Q3 expectations.
While a malaise in spot trade volume and valuation isn’t atypical for the chicken complex during the summertime months, it prompts players to lean more heavily on what still lies in their control: production.
In terms of supply indicators, there is perhaps no better data...
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