Loading…
Avian influenza has been reported in 26 countries across Asia, Europe and the Middle East, according to the OIE. Vietnam culled over 100,000 birds, and India's Navapur district euthanized more than 340,000 birds, while Bulgaria culled about 259,000 birds.
Widespread culling in major poultry producing countries reduces bird numbers and feed demand, supporting chicken prices while lowering meal and grain use in affected regions.
avinews.comFeb 11, 2021Not 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.
After 167 past bearish disease events, SBM moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% 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.
