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Wisconsin egg production in September 2022 fell 14% year on year to 144 million eggs, with layers down 16%. US total egg production was 8.83 billion in September, down 3% from last year, and total US layers on October 1 were down 4%.
Reduced layer numbers from avian influenza lower feed demand in egg production, a modestly bearish factor for corn and soybean meal.
midwestfarmreport.comPam JahnkeOct 24, 2022After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
