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Rabobank's Poultry Quarterly Q2 2021 says the global poultry industry will recover as countries lift pandemic restrictions on foodservice, but faces COVID-19 market disruptions, very high feed prices, avian influenza in the Northern Hemisphere, and slow recovery from African swine fever. Poultry markets improved in the US, Mexico, Russia and Japan.
Reopening foodservice should lift poultry demand, but high feed costs squeeze margins and push producers to limit supply growth, supporting feed-ingredient demand.
meatpoultry.comErica ShafferMar 31, 2021Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
