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Egg prices in France have more than doubled due to higher feed and energy costs and shortages after the worst bird flu crisis on record. Some French food companies have reduced output or changed recipes.
Shrinking European flock sizes lower feed demand from layers, a modestly bearish signal for feed grains and meal in the EU market.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% 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.