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Rabobank's animal protein report says the global poultry outlook is improving, driven by poultry meat consumption growth of 1.5% to 2% and disciplined supply growth. Global trade is expected to become more competitive as trade flows shift.
Chicken prices rose 2%, and feed prices rose 1%.
Steady demand growth and disciplined supply support chicken prices, while shifting trade flows may change export competition. Feed price increases raise costs for integrators.
thepoultrysite.comMelanie EppJul 2, 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.
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.
