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Continued H5N1 outbreaks have cut the US laying flock to 305.3 million as of May 1, with further losses from late-May outbreaks and a barn fire. Bulk egg prices have risen amid the supply shortfall.
Egg-type pullet placements rose sharply in April, which may partly offset the losses.
A shrinking layer flock tightens egg supply and pushes up prices, while rebuilding depends on pullet growth that is still months from full production. Feed demand from layers falls as flocks shrink, a modest drag on feed grains.
americaninternationalfoods.comkevinsJun 20, 2024Not 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.
