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South Korea has recorded 11 HPAI outbreaks at laying hen farms this winter, nearly double the same period last year. About 3 million hens have been culled, and retail egg prices have risen above USD 4.84 per carton.
Farm-gate prices are also trending higher.
Culling of laying hens tightens Korean egg supply and supports higher prices, while the impact on global feed-grain markets is limited.
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.