Loading…
A Rabobank report forecasts 1.5% to 2% global poultry growth in 2024 and expects poultry to be the fastest-growing protein as pork and beef decline. Lower input costs should bring cheaper chicken and stimulate consumption, but producers in the US, Thailand, Indonesia, China and the EU face oversupply.
Avian influenza is cited as the major wild card.
Cheaper chicken from lower input costs and oversupply points to weaker poultry prices, while avian influenza remains the main upside risk to supply and prices.
feedstuffs.comDec 25, 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.
