Replying to Avatar Mike Dilger ☑️

We are experiencing chicken contango here in NZ. Frozen chicken drums are NZ$7/kg whereas fresh chicken drums are NZ$5.50/kg

Also potatoes are cheap where I live (bought 10kg at a time) at NZ$0.85/kg compared to the average price in the US is NZ$3.28/kg (USD 0.932/lb)

These aren't really exceptional prices. Frozen chicken was NZ$4/kg only a couple of years ago.
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d0708145... 1y ago

Thank you for introducing "Contango" into my lexicon. I always like to expand my knowledge, and thanks to a quick search, that's today's expansion done. Cheers🍻.

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Mike Dilger ☑️ 1y ago

Well,.. I'm probably stretching the meaning. Is a frozen chicken a "future" fresh chicken? I think so.

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d0708145... 1y ago

By about 12 hours, yes😬😂.