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Rabobank expects 2021 poultry growth to face COVID-19 disruptions, volatile feed prices and avian influenza. Grain and oilseed prices rose in Q1 2021, partly on unprecedented Chinese import demand, and are expected to stay high through 2021 at slightly lower levels than Q1.
Japan, South Korea, Russia, the EU and UK have been heavily hit by avian influenza.
Persistently high grain prices, which make up as much as 70% of poultry production costs, support feed demand and point to firm grain and meal prices through 2021.
meatingplace.comChris ScottMar 31, 2021After 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 747 past bullish report events, SOY moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% over 20.
After 769 past bullish report events, WHEAT moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
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.
