# Poultry and Soybeans

Their prices have moved together.

Source page: https://www.materialinsights.org/links/poultry-and-soybeans/

[Poultry](https://www.materialinsights.org/commodities/poultry/) (commodity) and [Soybeans](https://www.materialinsights.org/commodities/soybeans/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: feed demand

*Cost and price · Weak · Both ways*

Chicken farming is a major user of soybean meal, so a growing poultry industry supports bean demand, while feed costs raise chicken prices. Monthly moves correlate at only 0.18 and yearly moves at 0.26, because meat prices also depend on disease and consumer demand.

- **0.18** monthly change correlation
- **0.26** 12-month change correlation
- **0.20** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.