GOLDMAN: Long Chicken/Short Pork

And your pair trade of the data comes from Goldman’s Lindsay Drucker Mann, who basically says that dynamics suggest higher prices for chickens to come (benefiting a company like Sanderson Farms) and lower pork prices to come (hurting Hormel).

The difference?

It’s all in the level of inventories. These two charts tell the stories.

chicken chart

Photo: Goldman Sachs

pork

Photo: Goldman Sachs

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