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Corn prices in Ukraine have reached record levels, making feed too expensive for domestic producers. A joint appeal from poultry associations says broiler and egg production will be unprofitable in Q4 2020, with broiler margins around -12% and egg margins around -17%.
Corn is being exported instead of used domestically.
High domestic corn prices reduce Ukrainian feed demand and shift grain toward export. Sustained losses could cut poultry output and feed use.
poultryworld.netVladislav VorotnikovNov 26, 2020Not 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.
