A sharper fall in corn prices in October than in egg prices improved São Paulo poultry farmers’ purchasing power against corn, ending a three-month decline. Corn’s ample availability, lower international prices, and a weaker dollar contributed to the domestic price pressure, while soybean meal prices rose and reduced purchasing power against that feed ingredient.
Abundant corn supply and softer international prices weigh on corn values, easing poultry feed costs. Rising soybean meal prices provide a countervailing cost pressure for producers.
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.