◂ Event Timeline

Mar 12, 2020REPORTGlobal

Poultrymed | 75049

A USDA FAS GAIN report forecasts EU-27 plus UK chicken meat output to rise 1.1% in 2020, slowed by HPAI outbreaks in Poland and Hungary and higher feed prices. Per-capita consumption is expected to rise as consumers shift to chicken.

WHY IT MATTERS

Slower EU production growth and higher feed costs trim EU demand for feed grains and meals, while stronger chicken consumption partly offsets that.

AFFECTSCHICKEN◆CORN◆SBM◆

SOURCE
poultrymed.comMar 12, 2020

Price reaction & history

CHICKEN◆neutral

Not enough comparable past events yet for a historical read.

CORN◆neutralSO FAR1d -1.5%5d -7.4%20d -3.7%

After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.

Jan 20, 2020Abundant poultry pressures prices+0.2%
Jan 13, 2022European poultrymeat markets expected to recover in 2022 - Poultry Network-1.3%
Feb 28, 2018Poultry outlook sees increased production, exports+1.6%
Dec 14, 2017Rabobank: Promising outlook for poultry in 2018+2.3%
Sep 12, 2024Poultry price increases expected to ease: AgriTrends Report+4.9%

SBM◆neutralSO FAR1d +0.9%5d +2.7%20d -1.0%

After 250 past neutral report events, SBM moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% over 20.

Jan 20, 2020Abundant poultry pressures prices-0.9%
Jan 13, 2022European poultrymeat markets expected to recover in 2022 - Poultry Network-6.3%
Dec 14, 2017Rabobank: Promising outlook for poultry in 2018-2.9%
Jul 16, 2021Livestock and Poultry: World Markets and Trade - Poultry Producer+0.3%
Oct 15, 2019From cloth to feed, cotton may have a new role for fish and poultry+0.6%

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.

CHICKEN · GP ▸

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CORN · GP ▸

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