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Indian farm-gate chicken prices rose about 25% in two weeks, with chicken reaching INR75-80 per kg and eggs INR4.50-5.00 each. Farmers say they are only just breaking even despite low feed prices, with corn and soybean meal prices having tumbled.
Recovering poultry demand after India's lockdown eased supports bird and egg output, which increases feed demand over time, but current low corn and soymeal prices reflect weak sector throughput.
wattagnet.comJun 24, 2020After 78 past neutral macro events, CORN moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% over 20.
After 73 past neutral macro events, SBM moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% over 20.
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.
