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Poultry Quarterly Q3 2019: Improved but Fragile Market Conditions

Global poultry has experienced gradually improving market conditions in 1H 2019, and this trend is expected to remain over the coming months.

The main driver for the market improvement has been a more balanced supply in key trading markets like Brazil Thailand, the US and the EU. The gradual improvement has come despite global trade volumes being disappointing due to ongoing trade issues. China is the best performing poultry industry, with exceptionally high poultry prices due to the shift from pork to poultry as a result of the worsening situation with African Swine Fever (ASF) and very low breeding stock levels, which has pushed PS and DOC prices up to historically high levels.

The global poultry market has been on a rollercoaster ride in the past year, with a large oversupply in 2H 2018 and early 2019 greatly affecting prices for globally-traded poultry products...

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