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Rabobank analysts expect Chinese pork output to fall about 30%, or roughly 16 million tonnes, pushing prices to records. Higher pork prices have boosted poultry meat demand, with chicken breast about 20% dearer than a year earlier.
A large protein supply gap shifts demand toward poultry and feed ingredients, supporting poultry feed demand and meal prices.
reuters.comDominique PattonJul 26, 2019Not enough comparable past events yet for a historical read.
After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% 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.
