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Post Holdings reported avian influenza outbreaks at two third-party contracted flocks in Minnesota and Iowa, affecting about 5.7 million egg-laying hens. The company said the impact is within its guidance range but does not include a significant expansion of the virus across its network.
Losses equal to about 14% of a major processor's egg supply tighten egg supply and reduce layer feed demand, which is bearish for feed grains and meal.
agriculturedive.comSarah ZimmermanMay 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.
