
Indonesian lawmakers are pressing for government intervention on feed, which accounted for Rp16.26 trillion of poultry companies’ spending in 2025 and 64% of their costs. Q4 corn output is projected to be lower, while soybean meal prices are expected to rise.
Lower corn output and rising soybean meal prices could increase poultry feed costs, strengthening pressure for government action and potentially raising production costs for poultry firms.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
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.