# 2024 Poultry Sector Outlook - Canadian Poultry Magazine

> 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.

- Date: 2023-12-29 · published 2023-12-29T12:00:00.000Z
- Category: report · region Canada · magnitude low
- Page: https://feedsoft.ai/events/11436-2024-poultry-sector-outlook-canadian-poultry-magazine
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: bullish ▲
- CANMEAL: bullish ▲
- CHICKEN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2022-01-13 | [2022 Poultry Outlook: 7 macro trends apt to affect feed \| Feed Strategy](https://feedsoft.ai/events/43284-2022-poultry-outlook-7-macro-trends-apt-to-affect-feed-feed-strategy.md) | +2.5% | +13.2% |
| SOY | 2024-07-02 | [Improved global poultry outlook, trade flow shifts \| MEAT+POULTRY](https://feedsoft.ai/events/29435-improved-global-poultry-outlook-trade-flow-shifts-meat-poultry.md) | +0.2% | -11.4% |
| SOY | 2024-02-29 | [Brighter Outlook for Malaysian Oil Palm Industry This Year](https://feedsoft.ai/events/9426-brighter-outlook-for-malaysian-oil-palm-industry-this-year.md) | +0.6% | +5.2% |
| SOY | 2020-11-13 | [ICE weekly outlook: Bull market in canola's grasp - Grainews](https://feedsoft.ai/events/50254-ice-weekly-outlook-bull-market-in-canola-s-grasp-grainews.md) | +3.6% | +2.1% |
| SOY | 2024-01-12 | [USDA boosts forecast for 2023-’24 soybean oil use in biofuel production \| Biodiesel Magazine](https://feedsoft.ai/events/15246-usda-boosts-forecast-for-2023-24-soybean-oil-use-in-biofuel-production.md) | -1.5% | -3.9% |

## Sources

- canadianpoultrymag.com: https://www.canadianpoultrymag.com/2024-poultry-sector-outlook-strong-demand-supports-profitability/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.