Tharwat El-Zeiny: Feed Prices Up 9% and Poultry Sold Below Cost

After 78 past neutral macro events, Corn moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% over 20.

• Mar 7, 2017The correlation between USD and commodities is now gone: Citi-2.2%
• Mar 4, 2026FAO Food Price Index rises in March as Near East conflict raises energy costs+0.3%
• Mar 6, 2026Biofuels hit a crossroads as costs climb, policy lags | Feed & Grain+1.2%
• Sep 22, 2023The Global Sugar Shortage Is About to Ease Thanks to a Corn Supply Boom | Financial Post+1.4%
• Feb 14, 2024Cost Pressures | Ohio BEEF Cattle Letter+0.5%

After 73 past neutral macro events, Soybean Meal moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +2.1%), and -1.6% over 20.

• Aug 21, 2020More sustainable meat production with low-protein, amino acid enriched feeds | The Poultry Site+0.4%
• Apr 18, 2025First week without the cepo: dollar rises and falls, impact on prices remains unclear - Buenos Aires Herald-1.6%
• Jul 1, 2019China, Brazil and the Soybean Crush-2.8%
• Apr 2, 2026Animal feed, fats and proteins: Market outlook and supply chain dynamics – webinar summary - Fastmarkets-0.3%
• Dec 7, 2022Brazilian real up on fiscal relief; Peru's sol falls amid political turmoil | Financial Post+0.8%

Not enough comparable past events yet for a historical read.