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Ceva's January poultry market outlook reports that corn prices fell across markets on weak US demand, weak export sales and a USDA upward revision to world corn output. Brazil's improved weather also pushed prices lower, and US soybean meal ending stocks were revised up.
Ample corn and meal supplies lower the cost of feed ingredients for poultry producers. Continued pressure on feed prices supports margins for integrators.
poultry.ceva.comJan 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.
