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Rabobank's Poultry Quarterly Report says the global poultry outlook for Q4 2022 and early 2023 remains strong, with poultry the cheapest meat protein. Rabobank expects feed prices to fall to around Q1 2022 levels, 10-15% below the Q2 peak, while energy and labor costs remain high.
Lower expected feed prices would ease producer costs, but limited room to cut chicken prices due to energy and labor inflation keeps margins under pressure. Strong demand for poultry as a low-cost protein supports consumption.
thepoultrysite.comMelanie EppSep 29, 2022Not enough comparable past events yet for a historical read.
After 301 past bearish macro events, Corn moved a median -0.1% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +0.2% 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.
