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RaboResearch raised its 2024 global poultry growth forecast to 3% on strong demand and competitive pricing versus other proteins. The report flags animal disease and geopolitical trade disruption as the main risks, including Newcastle disease in Brazil that triggered export bans.
Stronger poultry demand supports feed grain and meal consumption, while disease-driven export bans can shift trade flows and pressure Brazilian chicken exports.
agnavigator.comJane ByrneSep 17, 2024Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
