ANALYSIS: Chicken Wing Watch
It isn’t very often that chicken wings elbow their way to the forefront of summertime market conversations, but late Q2 and early Q3 have been anything but “normal” for those on the wing side of the business.
After bottoming out at some of the lowest seasonal levels realized in over a decade, the wing complex began to enjoy some unexpected lift as we ushered in Q3. Since the outset of July, the jumbo wing complex has tacked on $0.24/lb., which equates to a 30% uptick in value. For perspective, during the past 5 years...
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