ANALYSIS: March's Turbulent Tradewinds in Chicken Exports
The latest chicken export data through the end of March leaves some room for interpretation depending on one’s vantage point. Closing Q1 at 558.5 thousand pounds, total export tonnage rebounded 2.1% from February. This loosely coincides with the seasonally-anticipated average uptick of 7% realized over the past five years. Nonetheless, March’s closing tally was slow to make year-over-year (YoY) headway; standing just shy of 11% below ’23 levels.
In terms of value, March’s reading retreated by about 10% when compared to this time last year. Market participants are...
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