# Feeding Chickens Is So Costly It’s Changing Global Trade Flows - Bloomberg

> Rising grain prices are changing global feed trade flows, with Perdue Farms buying Brazilian soybeans, BRF sourcing corn from Argentina, and feed makers in China and the US buying wheat. The shift reflects the high cost of feeding poultry, pigs and cattle.

- Date: 2021-04-29 · published 2021-04-29T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/47747-feeding-chickens-is-so-costly-it-s-changing-global-trade-flows-bloomberg
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Buyers substituting wheat for corn and sourcing soybeans from new origins shows how tight grain supplies are reshaping demand, supporting wheat and soybean prices and shifting trade flows toward Brazil and Argentina.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-12-01 | [Global Trade War a Boon for Black Sea Grain \| Feed & Grain](https://feedsoft.ai/events/49509-global-trade-war-a-boon-for-black-sea-grain-feed-and-grain.md) | +9.5% | +8.9% |
| WHEAT | 2018-11-22 | [Tides May be Turning in the Global Wheat Trade](https://feedsoft.ai/events/62071-tides-may-be-turning-in-the-global-wheat-trade.md) | -0.9% | +3.4% |
| WHEAT | 2018-07-10 | [Global trade war to be a boon for Black Sea grain](https://feedsoft.ai/events/63884-global-trade-war-to-be-a-boon-for-black-sea-grain.md) | +2.2% | +8.4% |
| WHEAT | 2018-12-02 | [Battered U.S. Soy Gets Bullish Jolt as Door to China Reopens - Bloomberg](https://feedsoft.ai/events/5835-battered-u-s-soy-gets-bullish-jolt-as-door-to-china-reopens-bloomberg.md) | +0.9% | +1.8% |
| WHEAT | 2020-09-25 | [China Buying Spree Revives Export Profits for Top Crop Traders - Caixin Global](https://feedsoft.ai/events/50989-china-buying-spree-revives-export-profits-for-top-crop-traders-caixin-global.md) | +6.5% | +10.5% |
| SOY | 2025-10-01 | [Trump’s Signal on China Trade Talks Lifts Soybean Prices - Bloomberg](https://feedsoft.ai/events/22453-trump-s-signal-on-china-trade-talks-lifts-soybean-prices-bloomberg.md) | +2.0% | +7.6% |
| SOY | 2020-12-01 | [Global Trade War a Boon for Black Sea Grain \| Feed & Grain](https://feedsoft.ai/events/49509-global-trade-war-a-boon-for-black-sea-grain-feed-and-grain.md) | -0.9% | +10.9% |
| SOY | 2026-03-20 | [US Soy Ships Pile Into China as Trump Summit Delay Clouds Trade - Bloomberg](https://feedsoft.ai/events/14591-us-soy-ships-pile-into-china-as-trump-summit-delay-clouds-trade-bloomberg.md) | +0.4% | -0.1% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-04-29/feeding-chickens-is-so-costly-it-s-changing-global-trade-flows

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