ANALYSIS: Headwinds at the Broiler Hatchery

If there is one resounding theme which has been glaringly apparent throughout our market canvassing efforts recently, it is the fact that there is an underlying lack of chicken production making the rounds. While the call from traditional purchasing channels remains consistent, spot outreach efforts themselves aren’t necessarily any stronger than what historic seasonality would suggest here in early March. As touched on in last week’s analysis, year-over-year (YoY) reductions in frozen inventory levels, along with lighter-than-anticipated live weights, and a 3% dip in cumulative headcount when...

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