After a few very profitable months for the Brazilian poultry industry during which they were able to pass on price increases allied to reasonable feed costs. This "lull" is now being shattered from an unforeseen direction.
After a few very profitable months for the Brazilian poultry industry during which they were able to pass on price increases allied to reasonable feed costs. This "lull" is now being shattered from an unforeseen direction.
European wheat problems are provoking a significant purchase of Brazilian GMO (Genetically Modified Organism) free corn with a huge premium over the Chicago price.
Using replacement costs Brazil live-bird costs will be higher than the USA, although still well below European levels.
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