# SBM Links Cheaper Feed and Reopened Farms to Nigeria’s Poultry Supply Recovery | EconoTimes

> SBM's Q3 2026 Jollof Index recorded a combined N9,700 drop in chicken prices across 13 Nigerian markets between June and September. SBM attributed the drop to lower maize-based feed costs, farms reopening after 2025 closures and better day-old chick availability.

- Date: 2026-10-30 · published 2026-10-30T10:05:38.326Z
- Category: report · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/2140-sbm-links-cheaper-feed-and-reopened-farms-to-nigeria-s-poultry-supply-recovery
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Lower maize feed costs reduce demand pressure for imported corn and soymeal used by Nigerian poultry feed mills. Improved supply of chicks points to softer local chicken prices.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- CHICKEN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-09-13 | [USDA forecasts point to less meat, cheaper livestock feed](https://feedsoft.ai/events/69066-usda-forecasts-point-to-less-meat-cheaper-livestock-feed.md) | +1.3% | +4.7% |
| CORN | 2026-01-23 | [Cattle-on-Feed Report Shows Tighter Supply Ahead - RFD](https://feedsoft.ai/events/21189-cattle-on-feed-report-shows-tighter-supply-ahead-rfd.md) | +1.6% | +0.5% |
| CORN | 2025-10-25 | [Corn, debt and doubt: A record harvest rattles Trump’s farm economy \| Reuters](https://feedsoft.ai/events/22419-corn-debt-and-doubt-a-record-harvest-rattles-trump-s-farm-economy-reuters.md) | +1.4% | +2.7% |
| CORN | 2024-02-25 | [Wheat, feed grains and oilseeds prices under pressure as global supply builds \| Queensland Country Life \| QLD](https://feedsoft.ai/events/8028-wheat-feed-grains-and-oilseeds-prices-under-pressure-as-global-supply-builds.md) | +0.5% | +7.8% |
| CORN | 2023-05-16 | [China's April data show economic recovery losing steam, testing policymakers \| Reuters](https://feedsoft.ai/events/36179-china-s-april-data-show-economic-recovery-losing-steam-testing-policymakers.md) | +0.5% | -0.2% |
| SBM | 2017-06-09 | [Crops dip, recover after USDA’s bearish supply numbers](https://feedsoft.ai/events/70427-crops-dip-recover-after-usda-s-bearish-supply-numbers.md) | -1.8% | +7.3% |
| SBM | 2017-05-09 | [World Feed Panorama: Avian flu, oversupply slowing growth \| WATTAgNet \| WATTPoultry.com](https://feedsoft.ai/events/71129-world-feed-panorama-avian-flu-oversupply-slowing-growth-wattagnet-wattpoultry.md) | +1.0% | -2.7% |
| SBM | 2018-03-16 | [Lower prices signal pork sector recovery continues in China](https://feedsoft.ai/events/65975-lower-prices-signal-pork-sector-recovery-continues-in-china.md) | -0.8% | +3.2% |

## Sources

- econotimes.com: https://econotimes.com/SBM-Links-Cheaper-Feed-and-Reopened-Farms-to-Nigeria-s-Poultry-Supply-Recovery-1766500

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