Global trade streams and prices will remain under pressure for the remainder of 2015 and perhaps longer due to trade bans on poultry breeding stock in importing countries, according to the recently released poultry quarterly report from Rabobank.
“Poultry industry fundamentals are facing meaningful headwinds with stronger than expected feed prices due to a strong US dollar, increased competition from falling pork prices and restrictions on trade,” said Nan-Dirk Mulder, Rabobank animal protein analyst. “Prices for whole chicken, leg quarters and chicken feet are declining further, while breast meat prices remain relatively strong.”