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Rabobank reports its global egg price index hit a record above 250 in Q1 2023, with US and EU prices up 155% and 62% year over year. It expects prices to stay relatively high through 2023 due to avian flu, high costs and regulatory changes.
Persistent high global egg prices driven by avian flu and input costs point to sustained poultry sector stress, which can weigh on layer feed demand and support alternative protein purchases.
rabobank.comApr 5, 2023Not 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.
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.
