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As of June 3, USDA reported H5N1 detections on 69 dairy cattle operations across nine states. A Illinois fire killed more than a million chickens.
Over two weeks, US wholesale shell egg prices rose 45%, while egg retail prices had fallen 9% year on year through April.
Losses at both layer and broiler operations, together with a 45% jump in wholesale shell egg prices, point to tighter poultry supplies. Continued dairy detections keep the risk of further disruption to milk and related feed demand in view.
consumeraffairs.comGary Guthrie , ReporterJun 4, 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.
