São Paulo poultry farmers’ purchasing power against corn improved in October after three consecutive monthly declines, as corn prices dropped more than egg prices. Cepea attributed the corn weakness to abundant domestic supplies, lower international quotations, and a weaker dollar; purchasing power against soybean meal fell for a fourth consecutive month as meal prices rose.
Cheaper corn eases a key feed-cost pressure for egg producers and could reduce demand-side support for corn. Rising soybean meal prices continue to raise feed costs.
Not enough comparable past events yet for a historical read.
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.