Loading…
FCC's final 2021 broiler outlook says Canadian chicken producer gross revenues are expected to rise year over year. Higher live chicken prices reflect rising feed costs from limited grain supply and strong global feed grain demand.
Canadian slaughter has fully rebounded and is above the 2015-2019 average.
Rising feed grain costs and strong global demand for feed grains support corn, soymeal and barley prices, while the production increase adds to chicken supply.
fcc-fac.caNov 23, 2021After 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 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
Not 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.
