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Poultry farms in Niger, Kogi and Nasarawa States are contracting as feed, which makes up 70 to 80 per cent of costs, has roughly doubled in price over the past year. Farmers are cutting flocks, selling at a loss or closing.
Feed prices have risen with naira depreciation and fuel-driven transport costs.
Shrinking flocks reduce domestic egg and meat supply in Nigeria, which tends to lift local poultry prices. Higher maize and soy input costs also squeeze feed-buyer margins across the sector.
ngmorningreport.comMorning ReportNov 11, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 78 past neutral macro events, Corn moved a median +0.3% over 5 sessions (55% higher; middle half -1.1% to +1.6%), and -0.6% over 20.
After 50 past neutral macro events, Soybeans moved a median -0.3% over 5 sessions (48% higher; middle half -2.2% to +1.3%), 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.
