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Rabobank's Q3 2022 report calls the global poultry market bullish, with high demand and tight supply. Europe's avian influenza season was the worst on record with 53 million birds culled, and U.S. outbreaks culled 38 million birds.
Soymeal prices are up about 60% and feed costs are expected to stay high.
Tight poultry supply and high feed costs support chicken prices and sustain demand for soybean meal and other feed ingredients. Disease-driven flock losses limit near-term supply recovery.
meatpoultry.comRachael OatmanJul 5, 2022Not enough comparable past events yet for a historical read.
After 67 past bullish disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), 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.
