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Deadly avian influenza has hit farms in Indiana, Virginia and Kentucky, prompting Mexico and others to ban or limit imports from certain areas. Further trade curbs are possible.
The Bloomberg supply-chain update flags risk to US chicken farms.
Import curbs on US poultry weaken export demand for chicken and can shift supply into domestic markets. Ongoing risk of further flock losses supports chicken prices while feed demand is at risk.
bloomberg.comMichael HirtzerFeb 18, 2022Not enough comparable past events yet for a historical read.
After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% 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.
