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USDA livestock analyst Shayle Shagam said the US laying flock stood at 305 million birds in July, down from about 313 million a year earlier, leaving table egg supplies tight due to avian influenza losses. Shagam expects the flock to grow in 2025, which would lower egg prices if no further outbreaks occur.
A smaller laying flock reduces layer feed demand now, while expected flock rebuilding in 2025 would gradually restore feed consumption, which affects corn and soymeal outlook.
hoosieragtoday.comEric PfeifferAug 26, 2024After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% 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.
