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Rabobank says the global poultry outlook for 2020 is slightly more positive than 2019, when markets were oversupplied. Trade flows to ASF-hit Asian markets will support dark-meat prices, though whole-bird and breast-meat markets remain pressured.
Stronger Asian import demand for poultry supports feed demand, but growing supply and volatility limit price upside, a mildly bullish feed outlook.
foodagribusiness.worldJake DaviesDec 27, 2019Not enough comparable past events yet for a historical read.
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.
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.
