# W21: Chicken Update

> Brazilian chicken meat exports through the first three weeks of May 2023 totaled 275.92 thousand tons worth USD 542 million, down from May 2022 in value. Average price per ton is falling, coinciding with Chinese yuan devaluation. Exports to China rose 33.5% in volume in the first four months of 2023.

- Date: 2023-05-30 · published 2023-05-30T12:00:00.000Z
- Category: trade · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/36084-w21-chicken-update
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Strong Chinese import demand supports Brazilian chicken volumes, but falling unit prices signal softer export pricing. Brazil's sustained poultry exports keep feed demand for corn and soymeal firm.

## Read by commodity

- USDCNY: neutral
- CHICKEN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2019-02-22 | [US wants a more stable yuan, China wants that too: Experts](https://feedsoft.ai/events/60807-us-wants-a-more-stable-yuan-china-wants-that-too-experts.md) | -0.4% | -0.4% |
| USDCNY | 2026-02-26 | [To win Europe's embrace, China needs to uncap the yuan \| Reuters](https://feedsoft.ai/events/7901-to-win-europe-s-embrace-china-needs-to-uncap-the-yuan-reuters.md) | +0.4% | +0.5% |
| USDCNY | 2018-04-04 | [China, holding Treasuries, keeps 'nuclear option' in U.S. trade war](https://feedsoft.ai/events/65715-china-holding-treasuries-keeps-nuclear-option-in-u-s-trade-war.md) | -0.1% | +0.7% |
| USDCNY | 2019-12-12 | [USD/CNH: Yuan struggles despite dovish Fed — Octa](https://feedsoft.ai/events/8450-usd-cnh-yuan-struggles-despite-dovish-fed-octa.md) | -0.5% | -1.7% |
| USDCNY | 2018-07-19 | [Aquafeed.com \|
   

   
    CHINA - New tariffs on US soybeans unlikely to impact aquatic feed](https://feedsoft.ai/events/64111-aquafeed-com-china-new-tariffs-on-us-soybeans-unlikely-to-impact-aquatic-feed.md) | +0.7% | +3.2% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w21-chicken-update

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