
India's poultry producers are posting record profits as feed costs fell to a five-year low and chicken demand rose after cattle slaughter restrictions. Broiler prices in Mumbai rose 47% so far in 2017, while corn fell 7% and soymeal 2%.
Cheap feed and rising chicken demand support poultry output expansion in India, though weak domestic corn and soymeal prices reflect ample supply that limits feed price gains.
After 310 past bearish policy events, Corn moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +1.9%), and +0.6% over 20.
After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
Not 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.