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Rabobank's Poultry Quarterly Q4 2018 says the global poultry market is performing relatively well in the second half of 2018 but faces volatility in trade, centered on Brazil. Challenges include EU restrictions on Brazilian export plants, the Q2 Brazilian trucker strike, and a Chinese safeguard on Brazilian chicken imports.
Brazilian poultry exports fell about 20% in Q2 from Q1, and global chicken prices dropped in Q2.
Brazil is the world's leading chicken exporter, so swings in its export supply pressure global chicken prices. Rising drought-driven feed costs in Brazil also squeeze poultry margins.
feedstuffs.comKrissa Welshans 1Sep 20, 2018Not enough comparable past events yet for a historical read.
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.
