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US chicken demand has moderated to light-to-moderate levels, with Super Bowl orders giving a short boost to wings and tenders. USDA Secretary Tom Vilsack promised an avian flu vaccine within 18 months, and the US has culled 530,000 poultry so far in 2024.
Trade partners' acceptance of vaccinated poultry remains a concern.
Lukewarm chicken demand and avian flu culls reduce near-term poultry feed needs. A vaccine could eventually restore flock confidence, but trade acceptance uncertainty keeps export demand for feed ingredients subdued.
selinawamucii.comTimothy WahomeFeb 16, 2024Not enough comparable past events yet for a historical read.
After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), 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.
