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China's broiler sector is recovering after years of bird flu outbreaks, with poultry substituting for pork as African swine fever constrained pork supplies. Chinese retail chicken prices have stayed elevated since the ASF outbreak began in August 2018.
Grandparent stock imports are boosting broiler capacity.
Rising Chinese poultry demand and expanding broiler capacity support global chicken prices and feed demand, though new supply could limit gains.
efeedlink.comefeedlinkMar 16, 2019Not enough comparable past events yet for a historical read.
After 56 past bullish disease events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.6%), and +0.8% over 20.
After 67 past bullish disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), 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.
