# Poultry Market Outlook - April - Ceva Poultry

> Ceva's April poultry market outlook reports soybean meal prices declined across all markets in April on large South American harvest expectations of about 150 Mt in Brazil and 50 Mt in Argentina. Corn prices in Chicago edged up on lower reported US acreage, while Argentine production estimates were cut 3 Mt by USDA due to a crop disease. Broiler chicken prices were relatively stable, with persistent HPAI cases affecting US production and exports.

- Date: 2024-04-30 · published 2024-04-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/30879-poultry-market-outlook-april-ceva-poultry
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Large South American soymeal supply pressures US meal export competitiveness and weighs on meal prices, while US HPAI cases constrain chicken output and support poultry prices.

## Read by commodity

- SBM: bearish ▼
- CORN: neutral
- CHICKEN: neutral

## Sources

- poultry.ceva.com: https://poultry.ceva.com/news-events/poultry-market-outlook-april/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.