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Wholesale egg prices more than tripled in March 2020 to a record $3.07 per dozen as COVID-19 drove retail demand up sharply. Prices then fell back to $1.05 per dozen by the end of April.
Table egg production fell year over year for the first time since 2016.
Lower layer flock numbers and shifting egg demand affect the need for layer feed, and the sharp swings signal volatile poultry demand. Feed buyers serving layer operations may see softer demand if flock expansion is slow.
ers.usda.govJun 1, 2020After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), 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.
