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Farm Credit Canada's 2024 outlook projects higher year-over-year poultry prices across broiler, turkey and layer subsectors, supported by household and foodservice demand. It also flags high feed costs, a change in poultry tariff rate quotas, and uncertain broiler production growth.
Feed costs remain well above five-year averages, and drought-limited Western canola and Brazilian weather risks keep meal and grain rations pressured. Stronger poultry prices support demand for feed ingredients.
canadianpoultrymag.comBrett RuffellDec 29, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
