# Poultry Market Outlook - February - Ceva Poultry

> Ceva's February outlook says the corn supply/demand balance is worsening as global stocks swell and US exports face South American competition. Chicago corn averaged $163/t and soybeans $361/t in February, with soybeans at their lowest since 2020. Broiler chicken prices were little changed, with a downward trend in major regions except Brazil, where heat waves hit farms.

- Date: 2024-02-28 · published 2024-02-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/31756-poultry-market-outlook-february-ceva-poultry
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Heavy corn and soymeal supplies keep feed ingredient prices under pressure, while Brazilian heat is a small upside risk for chicken prices.

## Read by commodity

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

## Sources

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

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