Loading…
Avian flu outbreaks have reduced US egg supply while egg demand remains strong. Egg farmers report feed costs have roughly doubled, with corn and soybean meal making up about 75% of feed, and the national average egg price is $3.48 a dozen.
Lower egg output from bird flu keeps egg prices high, and high corn and soymeal costs raise producer feed expenses, supporting feed demand.
wral.comWRALNov 11, 2022After 56 past bullish disease events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.6%), and +0.8% over 20.
After 12 past bullish disease events, Soybeans moved a median -0.5% over 5 sessions (42% higher; middle half -1.6% to +0.1%), and +0.5% over 20.
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.
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.
