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Indiana is training up to 300 low-level prisoners to cull and dispose of poultry infected with avian flu. The state is also banning co-mingling of birds at fairs and other gatherings.
Avian flu strains have killed about 10% of the US laying flock and 7% of the turkey flock.
Losses of laying hens and turkeys reduce demand for poultry feed and shift feed demand across the sector. Ongoing outbreaks keep supply tight, which supports egg prices but cuts feed volumes.
ipm.orgWFIU, Gretchen FrazeeJun 30, 2020After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% over 20.
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.
