
USDA's Foreign Agricultural Service sees 2023 global chicken meat production little changed at 103.5 million tons. Brazil, EU and China production forecasts were held, and global chicken exports were raised slightly to 13.8 million tons, with Brazil and Thailand shipments increased.
Stable global output and higher Brazilian and Thai exports keep poultry supply ample, which limits upside for chicken prices while supporting steady feed demand.
Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.
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.