# US Chicken Prices to Fall at Last Thanks to Green Fuel Boom | Financial Post

> Bloomberg reports that US chicken and meat prices are likely to fall over time as the renewable fuel boom drives soybean crushing for biofuels. The resulting surge in soymeal output is expected to make feed cheaper for meat producers.

- Date: 2024-01-28 · published 2024-01-28T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/32282-us-chicken-prices-to-fall-at-last-thanks-to-green-fuel-boom-financial-post
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Growing soybean crush for biofuels creates cheap soymeal, which lowers feed costs and should pass through to lower protein prices. The price effect will take months or years to reach the supply chain.

## Read by commodity

- SBM: bearish ▼
- CHICKEN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-01-28 | [Why Chicken, Pork Prices Will Fall With Soy-Based Renewable Diesel Fuel - Bloomberg](https://feedsoft.ai/events/32254-why-chicken-pork-prices-will-fall-with-soy-based-renewable-diesel-fuel-bloomberg.md) | +1.7% | -5.1% |
| SBM | 2026-06-24 | [China Urges Pig Breeders to Cut Capacity After Prices Fall to 10-Year Low](https://feedsoft.ai/events/18778-china-urges-pig-breeders-to-cut-capacity-after-prices-fall-to-10-year-low.md) | +0.3% | +7.7% |
| SBM | 2025-06-18 | [Reaping of the sow: China to reduce pig count by 1 million amid low prices, deflation risk \| South China Morning Post](https://feedsoft.ai/events/24183-reaping-of-the-sow-china-to-reduce-pig-count-by-1-million-amid-low-prices.md) | -2.9% | -5.5% |
| SBM | 2024-12-28 | [The financial problems of a major agricultural group bring to the forefront the demand for lower export taxes – Universidad Austral](https://feedsoft.ai/events/13890-the-financial-problems-of-a-major-agricultural-group-bring-to-the-forefront-the.md) | -0.1% | +0.4% |
| SBM | 2025-06-11 | [China Nudges Pig Farmers to Restrain Supply After Prices Slump](https://feedsoft.ai/events/24184-china-nudges-pig-farmers-to-restrain-supply-after-prices-slump.md) | -3.5% | -8.8% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/us-chicken-prices-to-fall-at-last-thanks-to-green-fuel-boom

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