Poultry (Chicken / Turkey / Duck)

Poultry is a $350B+ global commodity with ~137 MMT total production - chicken ~102 MMT, turkey ~5.8 MMT, duck ~6 MMT. USA leads total production at 23.3 MMT (chicken + turkey). Brazil is world's largest chicken exporter (~5 MMT, 33% of production). China dominates duck production (60% global). Thailand specializes in halal-certified chicken exports. Avian Influenza (HPAI) is the existential trade-stopping risk - single case triggers country-wide bans (USA 2022 lost 50M+ birds). Feed conversion is best of any major animal protein (1.6-1.9:1) making poultry the cost leader and fastest-growing global meat. Halal certification required for 60%+ of global chicken trade.