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Highly pathogenic H5N1 avian flu returned to Japanese commercial egg-laying farms, with outbreaks in Saga prefecture on Kyushu and Ibaraki prefecture near Tokyo. Cambodia also reported poultry outbreaks alongside two human cases.
Culling of laying hens tightens Japanese egg supply and can lift egg prices, with modest knock-on effects on feed demand for corn and soymeal.
wattagnet.comJackie LindenNov 29, 2023After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
