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USDA's Foreign Agricultural Service expects China's broiler production to rise by 700,000 mt to 11.7 million mt this year. Poultry consumption is forecast to grow about 1% in 2018 as demand recovers from the H7N9 outbreaks of 2016-17 and vaccination campaigns have improved confidence.
Higher Chinese poultry output and consumption are a modest, mostly bearish signal for global chicken prices, while stronger domestic demand also supports feed use.
euromeatnews.comApr 2, 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.
