Although confidence declined in four of the five secondary indices during the first quarter of 2022, optimism in the poultry industry remained at or above normative levels.
In late November 2019, Chinese officials announced a resumption of trade with the U.S. This had a profound effect on fourth quarter’s Poultry Confidence Index results.
The U.S. poultry market should see enough benefits from the African swine fever situation to offset either a slight rise in production or increased feed costs.