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Sysco's weekly market report notes HPAI has returned to turkey-producing states including Minnesota and the Dakotas, and three more cage-free egg farms in California, Ohio and Kansas tested positive, totaling about 3 million birds. It also describes firm pork butt and rib prices, volatile bellies, and soft middle-meat beef pricing.
Avian flu losses in layer flocks cut egg supply and can tighten poultry availability, while firm pork cuts reflect limited hog harvest supply.
foodie.sysco.comDec 22, 2023Not enough comparable past events yet for a historical read.
After 177 past bullish disease events, HOGS moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% over 20.
After 69 past neutral disease events, LCATTLE moved a median -0.1% over 5 sessions (42% higher; middle half -0.8% to +0.6%), and +0.9% 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.
