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Quantum Foods, a South African poultry producer, expects headline earnings per share to fall 27% to 42% in the year ending September. The company cited avian influenza losses, aggressive competition and rising feed costs, with maize and soymeal prices elevated due to strong Chinese demand.
Feed makes up nearly three-quarters of poultry production costs, so higher maize and soymeal prices squeeze integrators' margins and reflect firm feed-grain demand.
businessday.co.zaKarl GernetzkyOct 21, 2021Not enough comparable past events yet for a historical read.
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.
