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Cal-Maine Foods said HPAI will keep US table-egg supplies squeezed through the end of 2022 and possibly beyond, and its egg prices rose 84%. The outbreak has killed about 36 million laying hens, and poultry infections rose to 5.69 million birds in September from 610,000 in August.
USDA data show layer numbers down 4.6% over the past year, although producers have placed 9% more eggs in incubators.
Persistent losses of laying hens limit egg supply and support higher prices into the winter, while the rebuilding of flocks will take time. This tightens the egg market and affects demand for feed used in layer rations.
grainpricenews.comMike VerdinSep 28, 2022Not 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.
