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Rabobank's Poultry Quarterly, published in late April, expects strong global chicken demand through 2023 despite high production costs. Mexico, Japan, China, the Philippines and Saudi Arabia are performing well, while the US, Brazil, India and Indonesia face tougher conditions.
Soybean and corn prices are expected to fall 5-10% from early-year levels but remain near historic highs.
Expected grain and soymeal declines of 5-10% would ease feed costs for poultry producers, though levels stay historically high. Steady global chicken demand supports imports and underpins feed-grain demand.
wattagnet.comMark ClementsMay 24, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
