# Annual Meat Conference Report: US the ‘big bird’ in global poultry | MEAT+POULTRY

> The Poultry Site analysis says corn and soybean meal are in a bear market due to ample world supplies and slow demand growth. Corn is expected to average under $5.00 per bushel this crop year, down from $6.54 last year, and the bear market may last into 2024-25.

- Date: 2024-03-22 · published 2024-03-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31339-annual-meat-conference-report-us-the-big-bird-in-global-poultry-meat-poultry
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower corn and meal prices cut feed costs for poultry producers, while grain sellers face weaker prices unless drought tightens supply.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼

## Sources

- meatpoultry.com: https://www.meatpoultry.com/articles/29944-annual-meat-conference-report-us-the-big-bird-in-global-poultry

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