Live chicken prices in Indonesia have fallen sharply, with birds above 1.8kg trading between USD 0.89 and 1.07/kg and touching USD 0.83/kg on April 8. Pinsar, the Indonesian poultry farmers association, says farmers are struggling even during the Eid holiday period.
Low live bird prices signal oversupply and weak farm margins, which may cut near-term placements and reduce feed demand. Indonesian feed demand softening is mildly bearish for corn and soymeal imports.
Not enough comparable past events yet for a historical read.
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.