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Rabobank's latest poultry report expects global poultry markets to stay strong in 2022 as economies reopen and vaccination rises. Supply is expected to stay tight because of high input costs, labor shortages and logistics problems.
Feed costs are forecast to rise about 5% in the first half of 2022, with corn and soybean prices peaking in the third quarter.
Tight poultry supply and higher feed costs point to firmer demand for feed grains and soybean meal through 2022, which supports prices for these inputs.
meatingplace.comBrian BudzynskiDec 16, 2021Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
