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Rabobank's 2018 Animal Protein Outlook projects global beef and pork production to expand in 2018, led by Brazil, China and the US. Poultry output is expected to dip slightly, and trade policy risks from NAFTA, Brexit and US-China relations are flagged.
Expected growth in meat output, especially beef and pork, implies stronger demand for feed grains and meal, while trade policy uncertainty could disrupt flows.
meatpoultry.comStaffNov 30, 2017After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
