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Table egg supplies have been hit by avian flu challenges, and the August 1 laying hen inventory was 3.2% below last year, the smallest for that date in several years. Avian flu is cited as a major driver of recent egg price surges.
Lower hen inventories mean reduced layer feed demand, a modest bearish factor for feed ingredients while egg prices remain elevated.
datumfs.comDavid MaloniAug 30, 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.
