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Rabobank reports global chicken cut prices rose about 2 percent, with pork up 4 percent and beef up 5 percent. Feed prices have declined over the past two years and reached their lowest point this year, though Brazil and Europe saw feed increases tied to weak harvest forecasts.
Lower feed costs support poultry and meat margins, while higher meat prices signal firm protein demand that can sustain feed buying.
poultrytimes.comRachel DanfordJul 12, 2024Not enough comparable past events yet for a historical read.
After 37 past macro events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +2.4%), and +0.0% over 20.
After 28 past bullish macro events, Live Cattle moved a median -0.3% over 5 sessions (39% higher; middle half -1.2% to +0.9%), and +1.7% 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.
