High feed prices cloud the 2022 outlook for the livestock sector.
Canada’s broiler sector’s revenues continue to climb in response to sharply rising feed costs, increased production and a slow return to pre-pandemic consumption trends.
In the latest broiler outlook update, demand for chicken products is rebounding as the entire supply chain deals with elevated prices.
Feed prices continue to dominate in our May broiler update. But the waning influence of COVID-related production and consumption declines may be the bigger story of 2021.
The 2021 sector outlook shows profitability as the economy and foodservice sectors recover, but also a rise in feed costs.
A mid-year economic check-in on the 2019 Canadian chicken sector. Canada’s broiler producers will maintain positive profit margins throughout 2019.