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Bird flu has wiped out more than 19 million egg-laying chickens on U.S. commercial farms this year, about 6% of the flock, the worst outbreak since 2015. France is suffering its worst outbreak ever, with roughly 8% of egg-laying hens culled.
U.S. Midwest wholesale large-egg prices topped $3 per dozen in March, near the record, and egg products are at record highs.
Losses of layers tighten egg supply faster than flocks can rebuild, keeping egg prices elevated and boosting demand for alternative protein. Corn and soybean meal demand from layer feed is affected only marginally by lower flock size.
reuters.comTom Polansek, Sybille De La HamaideApr 14, 2022After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% 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.
