# Low feed costs lift poultry profits - The FairPlay Movement

> South Africa's two largest poultry producers, Rainbow and Astral, report profits roughly double those of 2025, helped by lower feed costs after good rains and record grain harvests. Astral's trading statement guided headline earnings per share up 95% to 105%.

- Date: 2026-11-04 · published 2026-11-05T07:38:18.731Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/81397-low-feed-costs-lift-poultry-profits-the-fairplay-movement
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Cheap grain has cut poultry producers' largest cost, since feed is about 70% of chicken production costs. Producers may expect higher feed prices in 2027 if El Niño brings drought, which would reverse these margins.

## Read by commodity

- CORN: neutral
- CHICKEN: neutral

## Sources

- fairplaymovement.org: https://fairplaymovement.org/low-feed-costs-lift-poultry-profits/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.