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Rabobank's Q3 2021 Poultry Quarterly expects rising vaccination rates and reopening economies to lift global poultry demand. It forecasts significant price inflation in the second half of 2021, with feed prices remaining high and avian influenza disrupting breeding stock trade.
Trade flows are shifting away from China toward northeast Asia and Europe.
Persistently high feed prices limit poultry production growth, supporting demand for feed grains and meal while pushing up meat prices at retail.
meatpoultry.comJoel CrewsJul 2, 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.
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.
