# Poultry Market Outlook - January - Ceva Poultry

> 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.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/32281-poultry-market-outlook-january-ceva-poultry
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Ample corn and meal supplies lower the cost of feed ingredients for poultry producers. Continued pressure on feed prices supports margins for integrators.

## Read by commodity

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

## Sources

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

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