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Rabobank analyst Nan-Dirk Mulder said Covid-19 and avian influenza will keep causing market volatility in the global egg industry over the next year. He expects eggs to benefit from trading-down as the lowest-priced animal protein during an economic downturn expected to last into 2021.
Trading-down toward eggs may support egg demand and layer flock profitability, which can sustain feed demand. Avian flu supply disruptions add upside risk to egg prices and related feed use.
foodagribusiness.worldTony McDougalDec 1, 2020Not 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.
