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Rabobank's Christine McCracken told the 2024 Annual Meat Conference that US poultry is well positioned for 2024 because of lower feed costs and positive consumption trends. Colombia reopened its market to US poultry and egg product exports, which had been closed since August 2023 over HPAI concerns.
Reopened Colombian demand and lower feed costs support US poultry output and broiler feed use, a modestly bullish signal for chicken.
castro.fmMar 29, 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.
