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Bird flu has culled some 24 million birds in US poultry and turkey flocks, hitting Iowa, the leading egg-producing state. Iowa's agriculture secretary warned the losses could mirror the 2015 outbreak, which cost the state $1.2 billion and over 8,000 jobs.
Restocking will take considerable time even with USDA indemnity payments.
Slower restocking of layer flocks keeps egg supply tight and prices high for longer, which reduces feed demand from the layer sector over the coming months.
iowapublicradio.orgKendall CrawfordApr 11, 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.
