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FAO expects global meat production in 2023 to reach about 364 million mt, with chicken gaining share at 39.21% of the total. Rabobank expects global chicken and egg prices to stay relatively high through 2023, though lower on average than in Q1 2023.
Brazilian fresh chicken exports fell 35% in the first half of June compared with the prior two weeks.
Expanding chicken output and softer Brazilian export flows point to moderating poultry prices, while high feed and energy costs keep a floor under the sector's demand for feed ingredients.
tridge.comVictor LangatJun 30, 2023Not 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.
