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Philippine egg output fell about 20% after at least 10 million layers were culled in a bird flu outbreak. Despite the supply drop, low consumer demand has left farms with excess eggs, and traders are buying below production cost.
Lower layer numbers reduce feed demand in the Philippines, but weak consumer demand and oversupply are pressuring producer margins, limiting feed purchases.
philstar.comBella CariasoApr 29, 2023Not enough comparable past events yet for a historical read.
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.
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.
