The chicken wing market has taken a dive, dropping 18% over the past month. In contrast, chicken...
Hot Wings, Cool Cheese
Chicken wings (just in time for fantasy draft parties), eggs, and soybean oil are still pushing higher.
And then there’s cheese. What’s the story there? Glad you asked. Domestic milk production has been stronger than anticipated, fueling plenty of dairy supply and enabling record U.S. cheese exports. That’s right—export demand is going full Taylor Swift Eras Tour.
Despite tight cattle inventories and record cow prices (beef trim buyers, pay attention), dairy producers have been upping their game. In fact, the U.S. milk cow herd in June was the largest in nearly four years—cue the Dak Prescott flashback, because football season is just around the corner.
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