# Quantum Foods flags profit hit amid rising feed costs and flu outbreaks

> 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.

- Date: 2021-10-21 · published 2021-10-21T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/44561-quantum-foods-flags-profit-hit-amid-rising-feed-costs-and-flu-outbreaks
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- CHICKEN: bearish ▼

## Sources

- businessday.co.za: https://www.businessday.co.za/bd/companies/industrials/2021-10-21-quantum-foods-flags-profit-hit-amid-rising-feed-costs-and-flu-issues/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.