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A Texas farm worker tested positive for HPAI, and Cal-Maine Foods culled about 1.6 million laying hens and 337,000 young hens at a Texas facility, about 3.6% of its flock. Retail egg prices rose 7.2% to 9.2% after the 2022 outbreak, and an Iowa State economist said retailers can draw on existing supply in the short run.
Losing layer flocks cuts egg supply, and the lag to rebuild production means egg prices may stay elevated. Feed demand from layers falls with the flock, a modest bearish factor for feed grains.
marketplace.orgJanet NguyenApr 11, 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.
