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More than 3.5 million birds across Europe have died from avian flu since October, the most far-reaching outbreak on the continent in four years, with about 600,000 ducks culled in France. Poland lost over two million birds, and China and South Korea have imposed poultry import restrictions.
Heavy European poultry losses and import bans reduce meat output and feed demand in the region, which is bearish for poultry-feed consumption and mildly bearish for European meal demand.
straitstimes.comJan 9, 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, Soybean Meal 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.
