31 Mar 2014 --- With the notable exception of the US, bullish poultry market conditions are turning bearish due to recent grain price hikes caused by turmoil in Ukraine and El Niño-related worries, according to Rabobank’s Poultry Quarterly Q1. Abrupt increases in feed prices (up 10%-15% on earlier expectations), avian influenza (AI) outbreaks in China and a weaker Asian economy are expected to affect margins in Q2.