ANALYSIS: The Perfect Storm Drives Jumbo Boneless Chicken Breast Prices
Current chicken boneless breast meat prices are well above the 5-year average and are quickly approaching record highs. With year-to-date (YTD) ready-to-cook production at an all-time high, it raises the question: what is driving prices upward? As discussed in several market conversations, there is a perfect storm of factors pushing prices higher—even amid record production.
The first component to consider when analyzing the upward-trending market is current demand. Per capita consumption forecasts from the USDA estimate...
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