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The Egg Industry Center reported October 2022 producer egg value at $2.07 per dozen, up 266% year over year. Corn at $58 per ton and soybean meal at $105 per ton were both up about 30% from October 2021, lifting layer feed costs 27%.
Bird flu losses have cut US layer flock size by about 4.5%, keeping egg values high. Higher corn and soymeal prices raise layer feed costs, and these feed price increases are reflected in the cost of production.
wattagnet.comMeredith DawsonNov 28, 2022After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
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.
