
USDA's April Livestock, Dairy and Poultry Outlook projects 2026 table-egg production up 5.4% to 7.9 billion dozen as the layer flock recovers. Wholesale price forecasts were lowered, with the annual average set to hit its lowest level since 2019.
A recovering layer flock and lower egg prices point to steady or slightly lower layer feed demand through 2026, a mild bearish signal for corn and soymeal.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.