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USDA livestock analyst Shayle Shagam said the US laying flock was 305 million birds as of July, down from about 313 million a year earlier. He expects egg production to rise in 2025 and prices to decline, assuming no further bird flu outbreaks.
The smaller laying flock trims near-term feed demand from layers, while expected 2025 flock growth would support recovering feed consumption.
pnwag.netGlenn VaagenAug 23, 2024After 770 past neutral report events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral report events, SBM moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), 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.
