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Rabobank's Q2 2019 poultry quarterly says global poultry trade conditions are gradually improving as demand rises, especially from China. African swine fever is expected to create a protein shortage in China, with poultry as the main substitute.
Prices fell from Q2 to Q4 2018 after oversupply and trade restrictions.
Expected Chinese demand for poultry as a pork substitute supports global chicken prices and could lift demand for feed grains and meal used by poultry producers.
thepoultrysite.comGlobal Ag MediaMar 24, 2019Not enough comparable past events yet for a historical read.
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.
