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Rabobank's Global Animal Sector team's first-quarter outlook says poultry production and demand should hold up in 2023 despite avian influenza, rising input costs and labor shortages. The report forecasts feed prices could fall by as much as 15% from their historically high levels.
A forecast of lower feed costs would ease margins for poultry producers and could reduce demand pressure on feed grains and meals. The outlook is a projection rather than a new supply event.
meatpoultry.comJoel CrewsFeb 7, 2023Not 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.
