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Rabobank's Q2 2020 poultry report expects poultry to gain relative to other proteins due to affordability, with more at-home consumption. It flags labor, logistics and feed-ingredient supply disruptions as headwinds, and ASF continuing to drive Asian import demand.
Expected stronger poultry demand supports feed grain and meal use over coming months, while input disruptions could tighten feed ingredient supplies.
meatpoultry.comJoel CrewsMar 23, 2020Not enough comparable past events yet for a historical read.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
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.
