# Global poultry markets recover as challenges ease - Rabobank
						 | The Poultry Site

> Rabobank projects global poultry market growth of only about 1% in 2023, with markets expected to improve gradually in Q4 2023 and early 2024. Lower feed costs and chicken prices are supporting demand recovery, with improving conditions in the US, Mexico, Japan, South Africa, Indonesia and China.

- Date: 2023-11-07 · published 2023-11-07T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/33319-global-poultry-markets-recover-as-challenges-ease-rabobank-the-poultry-site
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Lower feed costs support poultry demand, which supports feed grain and meal usage over the coming months. Brazil and Thailand face oversupply that could keep chicken prices pressured.

## Read by commodity

- SBM: neutral
- CORN: neutral
- CHICKEN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-04-14 | [Rabobank: Global economics to affect pork market, costs \| MEAT+POULTRY](https://feedsoft.ai/events/41978-rabobank-global-economics-to-affect-pork-market-costs-meat-poultry.md) | +3.1% | +1.9% |
| CORN | 2023-08-20 | [Global chicken exports, production virtually unchanged - USDA
						 \| The Poultry Site](https://feedsoft.ai/events/34735-global-chicken-exports-production-virtually-unchanged-usda-the-poultry-site.md) | -1.1% | -1.1% |
| CORN | 2018-11-15 | [Rabobank: Animal protein could face trade challenges again in 2019 \| 2018-11-15  \| MEAT+POULTRY](https://feedsoft.ai/events/61976-rabobank-animal-protein-could-face-trade-challenges-again-in-2019-2018-11-15.md) | -0.7% | +7.2% |
| CORN | 2023-04-04 | [Global poultry markets strong despite volatility \| MEAT+POULTRY](https://feedsoft.ai/events/36554-global-poultry-markets-strong-despite-volatility-meat-poultry.md) | -0.9% | -3.2% |
| CORN | 2025-03-28 | [Geopolitical tensions could shake up global poultry markets](https://feedsoft.ai/events/25731-geopolitical-tensions-could-shake-up-global-poultry-markets.md) | +0.5% | +5.5% |
| SBM | 2022-07-19 | [Rabobank Poultry Report forecasts challenging global and U.S. markets \| The National Provisioner](https://feedsoft.ai/events/40637-rabobank-poultry-report-forecasts-challenging-global-and-u-s-markets-the.md) | +3.2% | +4.4% |
| SBM | 2022-04-14 | [Rabobank: Global economics to affect pork market, costs \| MEAT+POULTRY](https://feedsoft.ai/events/41978-rabobank-global-economics-to-affect-pork-market-costs-meat-poultry.md) | +2.1% | -12.4% |
| SBM | 2023-08-20 | [Global chicken exports, production virtually unchanged - USDA
						 \| The Poultry Site](https://feedsoft.ai/events/34735-global-chicken-exports-production-virtually-unchanged-usda-the-poultry-site.md) | +2.6% | -3.1% |

## Sources

- thepoultrysite.com: https://www.thepoultrysite.com/news/2023/11/global-poultry-markets-recover-as-challenges-ease-rabobank

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