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Chinese data show white broiler chick prices reached 6.12 yuan per bird at the end of October 2018, up 288% year on year. Breeder inventories are below normal, and African swine fever has boosted chicken consumption, with farm gross profits rising sharply.
Tight breeder supply and rising chicken demand from African swine fever substitution support Chinese chicken prices and could lift demand for feed ingredients such as corn and soymeal.
en.cnagri.comNov 9, 2018Not 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.
