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Avian flu has killed 50.54 million U.S. birds this year, making it the deadliest outbreak in the country's history. The losses include chickens, turkeys and other birds.
A record loss of poultry shrinks domestic chicken and turkey supply and lowers feed grain demand from layers and broilers, with mixed effects on corn and soymeal prices.
reuters.comTom PolansekNov 24, 2022Not enough comparable past events yet for a historical read.
After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% over 20.
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.
