# Poultry companies need to prepare for year of high and volatile feed prices

> 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.

- Date: 2021-01-08 · published 2021-01-08T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/49301-poultry-companies-need-to-prepare-for-year-of-high-and-volatile-feed-prices
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

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.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- CHICKEN: bearish ▼

## Sources

- agnavigator.com: https://www.agnavigator.com/Article/2021/01/08/poultry-companies-need-to-prepare-for-year-of-high-and-volatile-feed-prices/

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