Chicken wings up 52%. This is a concerning chart of the day for sure.
Could this be a chicken wing bubble? Clearly a lack of liquidity in the wing market.
Not good for superbowl fans, guys in bars and especially not good for the poor old chicken.
(hat tip to CBC and Bloomberg for picking this up)
The CHART OF THE DAY shows that wholesale prices for wings sold by processors in Georgia, the biggest chicken state, are up 52 percent in the past year, while whole birds rose just 6.2 percent.