
Brazilian chicken prices recovered gradually in October, supported by balanced production and consumption and solid exports, mainly in the South and Southeast. Newcastle disease cases in Santa Catarina continue to restrict exports, and Mexico restored imports from other Brazilian states on October 30 through regionalization, while full export resumption still depends on negotiations.
Export restrictions on Brazilian chicken keep some supply domestic, supporting local prices, while lifting restrictions would add demand for corn and soybean meal used in poultry feed.
After 145 past neutral disease events, CORN moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 98 past neutral disease events, SBM moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% 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.