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Iowa egg-laying flock is down about 28 million hens from last year after pandemic-related culls. Iowa turkey production faced a disruption later in the summer.
Both sectors are now recovering from pandemic-driven market swings.
A smaller laying flock reduces feed demand for layer rations in Iowa. Recovery in turkey and egg output would restore some corn and soymeal usage over time.
Not enough comparable past events yet for a historical read.
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.