Investors can trade feeder cattle, live cattle, and lean hogs on large commodity exchanges like the Chicago Mercantile Exchange. Consumers can now use smart platforms and mobile apps to trade these assets for profit. But there is no way to trade chicken or poultry. Since chicken is more popular than beef, why isn’t it traded on exchanges? Chickens Are Big Business The popularity of chicken keeps increasing. In the United States, chicken first became more popular than beef in 2014. During the 1950s, Americans ate an average of 16 pounds of chicken per person per year. By 2012, that had increased to about 60 pounds. One reason for the big increase in chicken consumption is fast-food restaurants. They offer everything from relatively intact chicken, like wings, to fully-processed chicken, like nuggets and sandwiches. McDonald’s is the second-largest buyer of chickens in the US. Chick-fil-A, which is second, is the largest chicken-oriented retailer bringing in over $11 billion per year from their US restaurants. Following Chick-fil-A are KFC and Popeyes Louisiana Kitchen in a distant second and third place. During the 1950s, Americans ate an average of 16 pounds of chicken per person per year. By 2012, that had increased to… continue reading
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Source: CTRM Center