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Avian influenza confirmed in 10 Indian states has led to sharp drops in farmgate broiler chicken and egg prices over the past week. Delhi banned live bird imports and the Ghazipur wholesale poultry market was temporarily shut.
Lower poultry prices and falling demand reduce near-term feed-buying by Indian poultry integrators, weighing on corn and soymeal demand in India.
indianexpress.comParthasarathi Biswas, Harish DamodaranJan 11, 2021
preprod.indianexpress.comParthasarathi Biswas, Harish DamodaranJan 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.
