# Higher soya price halts drop in poultry feed costs - Poultry Network

> UK analysis reports soyameal climbed in February on Argentine drought, halting the decline in poultry ration costs, while UK feed wheat was steady. Ukraine's wheat forecast was cut to 18 million tonnes, and the Black Sea corridor deal faced a 19 March deadline.

- Date: 2023-03-09 · published 2023-03-09T12:00:00.000Z
- Category: weather · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/36945-higher-soya-price-halts-drop-in-poultry-feed-costs-poultry-network
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Higher soymeal and tight Ukrainian wheat supply lift feed ration costs for poultry producers, although the longer-term outlook for feed prices remains downward given the large Brazilian crop.

## Read by commodity

- SBM: bullish ▲
- WHEAT: bullish ▲
- CHICKEN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2020-10-08 | [Poultry feed prices hit five-year high - Poultry Network](https://feedsoft.ai/events/50750-poultry-feed-prices-hit-five-year-high-poultry-network.md) | -0.7% | +6.8% |
| SBM | 2018-04-02 | [Higher feed costs affect pork profits](https://feedsoft.ai/events/65629-higher-feed-costs-affect-pork-profits.md) | +0.6% | +2.4% |
| SBM | 2017-06-09 | [DDG Prices Driven Higher by Rise in Corn Futures](https://feedsoft.ai/events/70594-ddg-prices-driven-higher-by-rise-in-corn-futures.md) | -1.8% | +7.3% |
| SBM | 2017-01-20 | [Soyabean price catapulted higher as rains hit Argentina — Arabian Post](https://feedsoft.ai/events/73066-soyabean-price-catapulted-higher-as-rains-hit-argentina-arabian-post.md) | -1.7% | -1.8% |
| SBM | 2018-03-22 | [Market trends: Spike in feed cost sees rations rise - Poultry World](https://feedsoft.ai/events/66077-market-trends-spike-in-feed-cost-sees-rations-rise-poultry-world.md) | +1.9% | +2.4% |
| WHEAT | 2020-10-08 | [Poultry feed prices hit five-year high - Poultry Network](https://feedsoft.ai/events/50750-poultry-feed-prices-hit-five-year-high-poultry-network.md) | +0.0% | -0.6% |
| WHEAT | 2021-08-16 | [Feed prices firm but sentiment is bullish - Poultry Network](https://feedsoft.ai/events/45676-feed-prices-firm-but-sentiment-is-bullish-poultry-network.md) | +1.1% | +2.8% |
| WHEAT | 2026-04-29 | [Crop Price Index Hits Highest Since November 2023 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/19748-crop-price-index-hits-highest-since-november-2023-farm-policy-news-illinois.md) | -3.1% | -0.4% |

## Sources

- poultry.network: https://poultry.network/soya-price-lifting-halts-drop-in-poultry-feed-costs/

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