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EU poultry meat production grew 4.4% in 2016 and is forecast to rise 1.7% in 2017 and 0.8% in 2018, with avian influenza outbreaks cutting output in several countries. EU broiler prices reached EUR 182/100kg in June, while Brazilian prices fell to EUR 85/100kg and US prices rose to EUR 219/100kg.
Avian influenza is restraining EU supply and export availability while US prices are rising on strong global demand, which supports poultry prices and feed demand in exporting regions.
poultrymed.comJul 26, 2017Not 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.
