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Chicken demand should keep broiler sector happy for 2019

Reference: FCC

FCC Ag Economics is doing a mid-year check-in on our January 2019 Outlooks. Throughout July and August, we’ll update our expectations about profitability across seven Canadian ag sectors (dairy, broilers, red meat, food processing, horticulture, agribusiness and grains, oilseeds and pulses). We’ll describe what’s happened in 2019 to-date and what we think you should monitor in the next six months.

Growth in Canadian broiler production slowed in the first five months of 2019, falling under the 3% pace we’d anticipated in our January outlook. Even with the farm price increasing at a slightly faster pace than input costs, broiler operations recorded positive profitability. We expect positive profit margins for the remainder of 2019 along with stronger growth in broiler production...Read More