# Crying fowl: the struggles of Nigeria's poultry farms

> 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.

- Date: 2026-11-11 · published 2026-11-12T12:15:52.889Z
- Category: macro · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/95461-crying-fowl-the-struggles-of-nigeria-s-poultry-farms
- Commodities: [Chicken](https://feedsoft.ai/c/CHICKEN.md), [Eggs](https://feedsoft.ai/c/EGGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

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.

## Read by commodity

- SOY: neutral
- CORN: neutral
- EGGS: bullish ▲
- CHICKEN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-06-24 | [India’s poultry sector starts road to recovery](https://feedsoft.ai/events/52754-india-s-poultry-sector-starts-road-to-recovery.md) | +2.4% | -0.3% |
| CORN | 2018-05-31 | [Should U.S. Farmers Fret Over Falling Ag Currencies?](https://feedsoft.ai/events/64951-should-u-s-farmers-fret-over-falling-ag-currencies.md) | -2.2% | -7.3% |
| CORN | 2019-09-20 | [China cuts new loan rate for second month but struggling economy likely needs more](https://feedsoft.ai/events/57291-china-cuts-new-loan-rate-for-second-month-but-struggling-economy-likely-needs.md) | +1.7% | +4.4% |
| CORN | 2021-06-25 | [What a bucket of chicken wings might tell the Fed](https://feedsoft.ai/events/46743-what-a-bucket-of-chicken-wings-might-tell-the-fed.md) | +5.6% | -5.6% |
| CORN | 2025-04-04 | [‘We just haven’t seen anything like this’: Farmers brace for Trump’s trade war](https://feedsoft.ai/events/25116-we-just-haven-t-seen-anything-like-this-farmers-brace-for-trump-s-trade-war.md) | +3.4% | +2.3% |
| SOY | 2018-05-31 | [Should U.S. Farmers Fret Over Falling Ag Currencies?](https://feedsoft.ai/events/64951-should-u-s-farmers-fret-over-falling-ag-currencies.md) | -2.8% | -15.2% |
| SOY | 2026-03-12 | [Offshore Yuan Falls on Strong Dollar — TradingView News](https://feedsoft.ai/events/11678-offshore-yuan-falls-on-strong-dollar-tradingview-news.md) | -3.2% | -2.9% |
| SOY | 2021-05-19 | [World oilseeds: Why the 2021 growing season is so critical - Fastmarkets](https://feedsoft.ai/events/46936-world-oilseeds-why-the-2021-growing-season-is-so-critical-fastmarkets.md) | -4.0% | -8.0% |

## Sources

- ngmorningreport.com: https://www.ngmorningreport.com/p/crying-fowl-the-struggles-of-nigerias

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