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Rabobank's Q2 poultry report says global poultry markets remain optimistic despite volatility, with demand staying strong as eggs hit record prices and beef and pork stay expensive. Some demand erosion is seen in low-income markets in Africa and Asia.
Expected import growth and abundant Brazilian and US supply point to steady poultry trade, while avian influenza remains a key risk that could tighten supply and lift feed demand if it spreads into Brazil's southern states.
meatpoultry.comRyan McCarthyApr 4, 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.
