
South Korean retail egg prices have surged as avian influenza culled 11.34 million laying hens last winter, about 14% of the national flock. Average daily egg output in May fell 3.6% year on year, and rebuilding will take more than six months.
Korean layer losses cut local feed demand for corn and soymeal, while the supply gap may support imported feed purchases only marginally. The impact on global feed prices is small.
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.