
RaboResearch's Q3 2025 Global Poultry Quarterly says the global poultry industry had a relatively strong start to 2025, with most regions balanced on supply and demand. Global poultry trade hit record highs in Q1, but the outlook depends on US tariffs and the spread of HPAI, which is shifting toward the Southern Hemisphere.
Strong animal protein prices and lower feed costs support poultry margins, while tariff and HPAI risks add uncertainty to chicken demand and feed-ingredient demand for buyers.
Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), 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.