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A EFSA report documents the spring 2021 European HPAI epidemic, with 3,555 infections across 27 countries and 22.4 million birds affected. In Brazil, contract broiler growers for BRF threatened to stop fattening chicks unless paid 10-12% more, citing soaring feed costs.
Soaring feed costs in Brazil squeeze integrators and could cut chick placements, reducing future corn and soymeal demand, while European losses reduce regional feed use.
thepoultrysite.comMegan HowellJun 11, 2021After 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.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% over 20.
Not 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.
