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Japan is battling its worst avian influenza outbreak on record, with about 17 million chickens culled, roughly 9% of egg-laying hens. Wholesale egg prices have risen more than 70% in the past year, and some restaurants are cutting egg menu items.
Heavy culling in Japan tightens its layer population and raises import demand for eggs and feed, a supportive factor for global poultry and feed grain demand.
bbc.comKelly NgApr 12, 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.
