# Poultry Quarterly Q3 2023: Improving Conditions as Lower-priced Feed Flows Through Global Poultry Value Chains - Poultry Producer

> Poultry Producer's Q3 2023 quarterly outlook expects global poultry conditions to improve as lower feed prices flow through value chains. Feed prices are forecast to fall 10-15% below 2022 record highs, with record Brazilian corn and soybean harvests cited.

- Date: 2023-07-11 · published 2023-07-11T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/35173-poultry-quarterly-q3-2023-improving-conditions-as-lower-priced-feed-flows
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Expected lower feed prices reflect large South American and US grain supplies, supporting bearish pressure on corn and soymeal while improving poultry margins.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- CHICKEN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-02-15 | [Global pork production slows, but feed prices and consumption trends offer hope - Pig World](https://feedsoft.ai/events/31663-global-pork-production-slows-but-feed-prices-and-consumption-trends-offer-hope.md) | +0.3% | +4.4% |
| CORN | 2025-03-06 | [Lower feed prices could bolster 2025 margins](https://feedsoft.ai/events/25678-lower-feed-prices-could-bolster-2025-margins.md) | +1.8% | +4.8% |
| CORN | 2024-02-14 | [Rabobank: Global pork production to slow in 2024 \| Feed Strategy](https://feedsoft.ai/events/31661-rabobank-global-pork-production-to-slow-in-2024-feed-strategy.md) | +0.5% | +3.9% |
| CORN | 2021-09-14 | [Reduced drought conditions improve corn, soybean yields \| Feed Strategy](https://feedsoft.ai/events/44907-reduced-drought-conditions-improve-corn-soybean-yields-feed-strategy.md) | -1.4% | +0.3% |
| CORN | 2026-04-14 | [US corn stocks hit record high as global coarse grains production rises \| Feed & Grain](https://feedsoft.ai/events/19795-us-corn-stocks-hit-record-high-as-global-coarse-grains-production-rises-feed.md) | +2.3% | +5.3% |
| SOY | 2024-02-15 | [Global pork production slows, but feed prices and consumption trends offer hope - Pig World](https://feedsoft.ai/events/31663-global-pork-production-slows-but-feed-prices-and-consumption-trends-offer-hope.md) | -1.9% | +0.9% |
| SOY | 2025-03-06 | [Lower feed prices could bolster 2025 margins](https://feedsoft.ai/events/25678-lower-feed-prices-could-bolster-2025-margins.md) | -1.0% | +3.2% |
| SOY | 2024-02-14 | [Rabobank: Global pork production to slow in 2024 \| Feed Strategy](https://feedsoft.ai/events/31661-rabobank-global-pork-production-to-slow-in-2024-feed-strategy.md) | -2.1% | -0.4% |

## Sources

- poultryproducer.com: https://poultryproducer.com/poultry-quarterly-q3-2023-improving-conditions-as-lower-priced-feed-flows-through-global-poultry-value-chains/

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