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An opinion-style piece says 38 million US chickens have died since January from HPAI outbreaks or culling, with 29 million of them laying hens. It notes that USDA has provided large indemnity funding and that the outbreak is expected to wane in warmer weather.
The author attributes the near-doubling of wholesale egg prices to these losses.
Egg-layer losses are the main driver of wholesale egg price increases, and a seasonal slowdown in the virus could gradually ease that pressure. The effect on feed demand from layers is secondary but relevant.
farmandfoodfile.comGracie FoxwellJul 15, 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.
