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Ceva's March poultry outlook says global corn prices are finding support after months of decline, with US prices stabilising on firmer exports and farmer holding. Soybean meal prices fell less in March, with Chicago meal up $3/t from February on strong US crush.
China's soymeal imports remain subdued as its swine herd contracts.
Stabilising corn and soybean meal prices reflect firmer US export demand and crush, but weak Chinese feed demand and large South American crops cap the upside for feed buyers.
poultry.ceva.comMar 31, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
