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South Korea's highly pathogenic avian influenza outbreaks since November culled about 18 million layer hens, roughly 25% of the national flock. No new detections have occurred since April, but the egg shortage is expected to last until early 2022.
Tight Korean egg supply and a temporary tariff-rate quota opening the market to US shell and processed eggs support demand for US egg exports. The effect on feed grains is indirect, so price impact is modest.
usapeec.orgJul 19, 2021Not 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.
