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The USDA's Livestock and Poultry: World Markets and Trade report revises 2021 global chicken meat production 1% lower to 101.0 million tons, driven by a sharp decline in China. Global chicken exports are virtually unchanged at 12.0 million tons.
Brazil is expected to expand, while high feed grain prices and avian influenza weigh on production in several countries.
Lower Chinese poultry output reduces feed demand, while high feed grain prices restrain expansion in other major producers, limiting upside for feed grains and meal.
poultryproducer.comJimJul 16, 2021After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
