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CoBank reports that avian influenza has forced depopulation of at least 11.6 million egg-laying hens in the U.S., about 3% of the national layer flock, with 17.4 million total birds lost. The outbreak is now the second-largest in U.S. history, and egg supplies are tight into Easter.
Fewer layers lower egg output and reduce demand for layer feed, while the tight supply supports egg prices and shifts poultry feed demand.
dtnpf.comChris ClaytonMar 30, 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 69 past disease events, Soybeans moved a median +0.3% over 5 sessions (57% higher; middle half -1.7% to +1.9%), and +0.1% over 20.
Not 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.
