# Concerns for Europe, Southeast Asia temper positive global poultry outlook  | MEAT+POULTRY

> Rabobank's Q4 poultry outlook says global poultry market conditions have improved, with feed prices expected flat but high. The report notes soymeal prices have dropped on weaker demand and a shift by crushers toward oil, and flags Brazil dryness and possible La Nina as risks.

- Date: 2021-09-22 · published 2021-09-22T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/45139-concerns-for-europe-southeast-asia-temper-positive-global-poultry-outlook-meat
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Stable-to-high feed costs and softer soymeal prices shape poultry margins, while expected wheat price gains reflect tighter EU and Russian supply.

## Read by commodity

- SBM: bearish ▼
- WHEAT: bullish ▲
- CHICKEN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-07-05 | [Poultry industry outlook: positive prospects amid avian influenza uncertainty - Poultry News](https://feedsoft.ai/events/35193-poultry-industry-outlook-positive-prospects-amid-avian-influenza-uncertainty.md) | +0.6% | +8.5% |
| SBM | 2026-01-30 | [Poultry Market Outlook - Jan - Ceva Poultry](https://feedsoft.ai/events/21206-poultry-market-outlook-jan-ceva-poultry.md) | +2.0% | +8.8% |
| SBM | 2022-07-19 | [The Mighty US Crop Markets Through 2030: Our Long-term Outlook for Corn, Soybeans, and Wheat - Rabobank](https://feedsoft.ai/events/15377-the-mighty-us-crop-markets-through-2030-our-long-term-outlook-for-corn-soybeans.md) | +3.2% | +4.4% |
| SBM | 2021-11-26 | [Soybean output up in Europe, but fall off in demand predicted for non-GM meal](https://feedsoft.ai/events/12232-soybean-output-up-in-europe-but-fall-off-in-demand-predicted-for-non-gm-meal.md) | -0.6% | +11.2% |
| SBM | 2025-03-24 | [Rabobank: Soy meal glut on cards for 2025 regardless of tariffs, wheat still a concern - Undercurrent News](https://feedsoft.ai/events/25656-rabobank-soy-meal-glut-on-cards-for-2025-regardless-of-tariffs-wheat-still-a.md) | -1.7% | -1.1% |
| WHEAT | 2021-07-13 | [Australia: positive outlook for cropping as ag performs strongly through 2021 - UkrAgroConsult](https://feedsoft.ai/events/46019-australia-positive-outlook-for-cropping-as-ag-performs-strongly-through-2021.md) | +1.3% | -0.4% |
| WHEAT | 2021-03-31 | [Rough road ahead for global poultry: Rabobank](https://feedsoft.ai/events/12936-rough-road-ahead-for-global-poultry-rabobank.md) | +0.4% | +4.8% |
| WHEAT | 2026-05-20 | [Global Wheat Outlook & WASDE Balance Sheet](https://feedsoft.ai/events/19239-global-wheat-outlook-and-wasde-balance-sheet.md) | -1.5% | -1.6% |

## Sources

- meatpoultry.com: https://www.meatpoultry.com/articles/25547-concerns-for-europe-southeast-asia-temper-positive-global-poultry-outlook

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