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The European Commission's short-term outlook projects EU poultry meat production falling 0.9% in 2021 because avian influenza outbreaks in 18 countries, notably Poland, are hindering output. EU broiler prices reached exceptionally high levels in the second quarter, while feed costs are rising faster than meat prices.
Lower EU poultry output tightens meat supply and supports prices, while higher feed costs raise pressure on producers' feed purchasing and demand for grain and meal.
poultrynews.co.ukChloe RyanAug 16, 2021Not enough comparable past events yet for a historical read.
After 56 past bullish disease events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.6%), and +0.8% over 20.
After 67 past bullish disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), and +0.4% 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.
