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Rabobank's latest poultry quarterly, cited by a Chinese feed additive supplier, says global poultry prices are rising as Chinese demand grows amid African swine fever. The report estimates China's pork output could fall 10-20%.
Prices fell from Q2 to Q4 2018 but are now improving.
Expectations of higher Chinese poultry demand as a pork substitute support global chicken prices and could raise demand for protein feed ingredients.
yaonutrition.comMar 21, 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.
