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Rabobank forecasts 1.5% to 2% growth in the global poultry market for 2024, with poultry the fastest-growing protein as pork and beef decline. Lower input costs should make chicken cheaper and boost consumption.
Oversupply in the US, Thailand, Indonesia, China and the EU remains a risk.
Cheaper feed and rising poultry demand support volume growth, but oversupply in several markets could keep prices under pressure. Overall, chicken prices look neutral.
thepoultrysite.comMelanie EppJan 19, 2024Not 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.
