Loading…
USDA scheduled nearly 7 million commercial chickens and turkeys for euthanasia the week of March 28 after HPAI outbreaks in Iowa, Minnesota, North Dakota and South Dakota, including a 5-million-bird layer operation in Osceola, Iowa. Dried egg product prices have more than doubled since early March, and over 17 million birds have been destroyed.
Sharp layer losses reduce egg output and push up egg and egg-product prices, while the flock cull reduces feed demand modestly. The effect on feed grain prices is limited relative to the egg market.
meatpoultry.comKeith NunesApr 4, 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.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% 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.
