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Rabobank's 2024 global poultry outlook is moderately positive, with 1.5% to 2% growth forecast after 1.1% in 2023. Poultry is expected to be the fastest-growing protein as pork and beef decline, and growth is slowing in global trade.
Feed costs are expected to ease slightly, though geopolitical and weather risks remain.
Expected slower feed costs and oversupply in several large producing countries suggest chicken prices stay under pressure, which can weigh on demand for feed ingredients used in poultry rations.
thepoultrysite.comMelanie EppDec 27, 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.
