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Indiana's spring Farm Bureau survey found the cost of a 16-item market basket fell to $52.61 from about $53.32 in September. The decline was driven mainly by lower egg prices after avian flu wiped out poultry flocks across the Midwest.
Egg prices are tied to layer flock size, and a recovery in egg prices reflects tighter supply after flock losses, which supports demand for feed used by layers. Prices may remain volatile as the worst of the flu impact appears to pass.
ipm.orgWFIU, Becca CostelloJun 26, 2020After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% 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.
