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Multiple countries have restricted poultry imports from Kentucky and other areas after HPAI was confirmed at a 240,000-bird Tyson commercial broiler flock in Kentucky. Additional bans came from China, Korea, Vietnam and others, with a possible second Indiana turkey case awaiting confirmation.
The weekly digest also notes higher prices amid low cold storage stocks.
Export bans on US poultry reduce demand for US chicken and push supply into domestic markets, pressuring prices. Feed demand from affected broiler and turkey production could weaken if restrictions persist.
thepoultrysite.comJames PowellFeb 18, 2022Not enough comparable past events yet for a historical read.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% 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.
