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US egg prices rose 19.1% in July from a year earlier, while overall consumer prices rose 2.9%. Bird flu outbreaks have affected more than 18 million birds and forced culling of flocks.
Labor and energy costs are also adding pressure to egg production.
Bird flu culling reduces layer flock size and feed demand from layers, while higher egg prices reflect tight supply that could persist until flocks rebuild.
san.comSimone Del RosarioAug 19, 2024After 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.
