Farha Aslam
Farha Aslam
anticipate difficult earnings market notable poultry pressured pricing pride results trends weak
The market had already factored in the pretty weak results in beef, but Pilgrim's Pride earnings highlighted the difficult trends in poultry. We anticipate poultry pricing will be pressured through at least spring, barring any notable AI outbreaks.
amount anticipate both cold environment few given historic leg meat near next poultry pressure prices quarter quarters record remain skin
The poultry environment in the first quarter was very challenging with prices for both boneless skin breast meat and leg quarters near historic lows. Given the record amount of poultry in cold storage, we anticipate prices will remain under pressure for at least the next few weeks, if not months.