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USDA's Economic Research Service reports that wholesale US table egg prices fell in October 2021 ahead of the holiday season, despite normal seasonal demand increases. Flock sizes remain smaller than in 2019 after COVID-related reductions, but higher laying rates lifted output about 1 percent year over year.
October prices were projected to be 9.6 percent below October 2020.
Ample egg supply from higher lay rates is pressuring wholesale egg prices lower, which weighs on layer feed demand outlook. Eggs are a minor direct driver of feed grain prices, so the impact on corn and soymeal is limited.
ers.usda.govNov 30, 2021After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
