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The USDA Foreign Agricultural Service forecasts global broiler meat production at 89.5 million tonnes, up 1%, despite highly pathogenic avian influenza outbreaks. Brazil's export share is expected to rise 10% to 4.3 million tonnes, while US exports are forecast up 4% to 3.1 million tonnes.
EU exports are forecast down 8% due to HPAI-related restrictions.
Rising output in Brazil and the US, with limited trade disruption from avian flu, adds supply to global chicken markets. Brazil's HPAI-free status should support its export pricing.
meatpoultry.comErica ShafferApr 12, 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.
