Broilers Under Short Term Pressure Meat demand remains steady with production. USDA’s forecast ending stocks for the fourth quarter of 2019 remains relative unchanged from the ending stocks in 2018 though beef production is up 0.1 percent, broiler production is up 3 percent and pork production is up 4.2 percent. Stocks are measured in the chart below by the weekly average production for the year.
Broilers are facing short term pressure, however. The growth in consumption that has helped keep stocks in check has been a result of bearish prices moving volumes.
This has especially been the case for breast meat prices which are now trading at multi-year lows. The current market is also influencing 2020 contracts from processo...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
