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Rabobank's Global Poultry Quarterly for Q1 2017 reports that a sharp rise in human avian influenza cases in China has pushed live broiler prices down about 50% from early Q3 2016 to historic lows. Wet markets, which sell more than half of poultry, have lost customers and import growth has slowed.
Trade restrictions from Europe and the U.S. continue.
Lower Chinese poultry demand and slower imports reduce feed demand for poultry feed ingredients, weighing on feed prices and export opportunities for poultry-linked exporters.
feedstuffs.comFeb 28, 2017Not enough comparable past events yet for a historical read.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% 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.
