Michigan’s VOM problem: Grain merchandisers discuss discounting corn due to disease spread

After 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.

• Nov 2, 2022U.S. corn farmers wary of vomitoxin, latest stress on global grain supplies-1.3%
• Apr 15, 2021More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand | Reuters+2.3%
• Nov 26, 2021First Thing Today: Grain, livestock markets expected to face pressure from global risk-off trade after Thanksgiving - Pro Farmer-3.2%
• Sep 29, 2017Dumping, bird flu, cripples SA poultry and grain producers+3.1%
• Sep 21, 2017Poultry prices rise as flu spreads to more chicken farms+0.5%

Not enough comparable past events yet for a historical read.

After 67 past bullish disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), and +0.4% over 20.

• Dec 5, 2018SHIC Global and Domestic Disease Monitoring Reports Posted – American Association of Swine Veterinarians-0.6%
• May 16, 2023Peru minister warns first anchovy season could be cancelled, potentially taking millions of tons off fishmeal market-3.9%
• Nov 9, 2018Inventory of parental breeders decreased, feeding profits of commercial broilers rose sharply, and prices of broiler chicks increased largely - Analysis and Viewpoints of China Agriculture - CnAgri-China Agriculture Consultant-0.2%
• Feb 3, 2019FEATURE-Swine fever outbreak may bury China's small pig farmers-1.8%
• Nov 11, 2022Egg prices soar as farmers battle inflation, avian flu+0.1%