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Rabobank's updated Q1 2024 poultry outlook forecasts 1.5% to 2% global chicken growth in 2024, up from 1.1% in 2023. Lower feed and input costs are expected to make chicken cheaper and support consumption, while the US, Thailand, Indonesia, China and the EU face oversupply.
Lower input costs and oversupply in major exporting markets point to softer chicken prices, though demand growth in Southeast Asia, the Middle East and Latin America offers some support.
meatpoultry.comRyan McCarthyDec 20, 2023Not 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.
