Weekly organic poultry slaughter volume continues to level off despite whipsawing around the one million-head mark each week. Half of the weeks in the second quarter surpassed one million head after steady declines in 2023.

Demand for organic chicken relies on macroeconomic conditions. Inflation has persisted into 2024, along with lower unemployment and wage growth. Equity markets have continued to swell.

All eyes are on the US Federal Reserve as they grapple with rate cuts within the context of a stubbornly hot economy.  Although the Fed meets today and tomorrow, there is growing consensus that the Fed will cut rates at its September meeting.

The European Central Bank (ECB) intrepidly cut rates in…