US chicken production is reported at a record level in 2026, running about 3.6% above a year earlier. Domestic supply is expected to rise faster than production, and other countries are expanding output, increasing export competition.
Heavier chicken supply pressures broiler prices and reduces demand for feed ingredients per unit of output only if production growth slows, so it is mildly bearish for chicken prices and export-linked soymeal demand.
Not enough comparable past events yet for a historical read.
After 250 past neutral report events, SBM moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), 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.