# Priciest corn ever is gobbling up margins on Brazilian chicken | Air Freight News

> Brazilian domestic corn prices have risen 68% this year to an all-time high according to Cepea, despite back-to-back record harvests. Strong exports and growing ethanol demand are driving the rally. Chicken export margins fell to negative 12%, and some producers plan to cull breeding birds, which could cut fourth-quarter poultry output by 5% to 10%.

- Date: 2020-10-29 · published 2020-10-29T12:00:00.000Z
- Category: market · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/50788-priciest-corn-ever-is-gobbling-up-margins-on-brazilian-chicken-air-freight-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md), [DDGS](https://feedsoft.ai/c/DDGS.md)

## Why it matters

Record corn prices in Brazil squeeze poultry margins and could reduce chicken output, lowering protein feed demand. Strong ethanol and export pull on corn supports the global corn complex.

## Read by commodity

- CORN: bullish ▲
- DDGS: neutral
- CHICKEN: bearish ▼

## Sources

- airfreight.news: https://airfreight.news/articles/full/priciest-corn-ever-is-gobbling-up-margins-on-brazilian-chicken

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