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Rabobank's latest poultry quarterly warns of a volatile year for the global poultry sector, citing COVID-related foodservice weakness, high feed prices, a severe avian influenza season and global oversupply. Soybean meal, corn and wheat prices rose 26%, 22% and 15% respectively in Q4 2020 versus Q4 2019, driven by Chinese demand and South American and Eastern European weather.
High and volatile feed prices squeeze poultry margins and may restrain feed demand, while Chinese restocking and weather risks support grain and meal prices. The outlook points to continued volatility in feed input costs.
agnavigator.comJane ByrneJan 8, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
