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RaboResearch sees bullish global poultry markets, with consumption growth of 2.5% to 3% in 2024. Oversupply and weak demand in China and Japan have pushed prices lower and stocks higher, while breast meat and processed chicken prices are expected to stay firm.
Solid global demand supports feed use, but China and Japan oversupply weakens chicken import demand and could pressure chicken prices in those markets.
meatpoultry.comBob SimsSep 16, 2024Not 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.
