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Ceva Poultry's September outlook says grain and oilseed prices rebounded in September on warmer, drier US Corn Belt weather and renewed demand. Corn rose in the US and Brazil while China fell, and soybean meal gained in Chicago but declined in South America.
Higher corn and soymeal prices raise feed costs for poultry and livestock producers, squeezing margins unless finished-product prices keep pace.
poultry.ceva.comSep 30, 2024Not 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.
