Loading…
Rabobank's February 2021 North American Agribusiness Review reports higher poultry and pork prices as corn, soybeans and wheat rally. Broiler slaughter fell 3.1% year over year, wing and breast prices rose sharply, and hog markets are expected to stay firm through Q1 2021.
Higher grain and feed costs, combined with tighter broiler and hog supply, support firm feed-grain demand and meat prices, though rising feed costs may trim bird weights.
feedstrategy.comAnn ReusMar 1, 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, Soybeans 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 (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% 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.
