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A US federal court ruled that the Trump tariffs are illegal, adding uncertainty to world feed markets. UK feed costs fell to pre-pandemic levels in May, with soya down £35/t since April and feed wheat at its lowest levels.
The ruling could disrupt US-China trade talks and weigh on soy prices, while ample South American supply and slow US export sales already pressure feed ingredient costs.
poultry.networkPoultry NetworkMay 29, 2025After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 375 past bearish trade events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -2.0% to +1.1%), and -0.1% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.
