ANALYSIS: Chicken Industry Influencers: Plotting and Planning
With spring in full swing, trained eyes are on the price sheet as players compare the current trade backdrop to their historically-rooted expectations. While seasonal movers such as boneless breasts, tenders, and leg quarters have undoubtedly raised some eyebrows lately, there are several other influential factors which cannot be overlooked.
At the top of the list has to be feed costs which, continue to retreat from record seasonal values. Averaging $6.73/bushel through the end of April, Omaha No.2 Corn resides about $1.24, or 15.6%, below 2022...
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