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BFREPA warned free-range egg producers that expansion is outpacing demand, with free-range hen numbers up 14% in three years to nearly 25 million. Farmgate prices average about 88p per dozen, below the 101p break-even estimated by ADAS.
Oversupply concerns and falling farmgate egg prices are bearish for UK egg returns, with limited direct effect on feed grain or meal demand.
fwi.co.ukAndrew MeredithOct 6, 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.
