The broiler sector has been “right-sizing” since Q3 after months of margin pressures reducing placement of broiler chicks.
That, along with lower feed costs, helped bring some profitability back into processing margins in September and October. Improved dark meat cuts have helped relieve pressure on boneless/skinless breast meat prices. However, this month margins are moving back toward zero. With lower feed costs, average broiler weights have increased this year. From January through October, the total slaughter of young chickens has remained relatively steady compared to last year, up 0.4 percent, but in liveweight pounds slaughter is up 1 percent as the average weight has been 6.53 pounds compared to 6.47 pounds last...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
