Loading…
Reuters reports the US has detected a highly lethal strain of bird flu at Tyson Foods chicken operations. Government data show US chicken supplies were down 14% year on year at the end of December, and turkey inventories were down 23%, amid strong demand and labor shortages at meat plants.
A highly pathogenic avian flu detection at a major integrator threatens flock losses and trade restrictions, tightening chicken supply and supporting poultry prices and demand for feed ingredients such as corn and soybean meal.
reuters.comTom PolansekFeb 14, 2022Not enough comparable past events yet for a historical read.
After 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.
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.
