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Nearly 23 million US birds have died in the HPAI outbreak, the worst since 2015, spreading to at least 24 states. Egg and chicken meat prices have risen sharply, with Iowa among the hardest hit.
Large bird losses cut egg and poultry meat supply, pushing prices higher and reducing demand for feed ingredients in layer and broiler rations.
npr.orgBill ChappellApr 6, 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, SBM 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.
