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An Atlantic Council analysis says US trade disputes, including China's retaliatory tariffs, cut exports of chicken, turkey and egg products by more than half between June and September. Lower corn and soybean prices have also reduced turkey feed costs, making Thanksgiving turkey cheaper this year.
Export losses to China and cheaper feed grains weigh on poultry prices, while the trade-driven fall in corn and soy prices lowers feed costs for poultry producers.
atlanticcouncil.orgNew AtlanticistNov 21, 2018Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% 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.
