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Rabobank published an update saying the 2021 global poultry market will remain volatile, with margins down and wide performance gaps between companies. It outlined a dual recovery path in which retail and online demand peak while foodservice stays weak during lockdowns.
Conditions are expected to gradually recover as the pandemic eases.
Weak foodservice demand and thin margins can slow poultry production growth, which in turn moderates demand for feed grains and meals. The analysis is a forecast rather than a new supply shock, so its price impact is modest.
meatpoultry.comRyan McCarthyFeb 23, 2021Not 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.
