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An Iowa State Egg Industry Center report estimates COVID-19's impact on US egg markets. Shell egg prices spiked on retail demand, while liquid egg prices fell to as low as 8 cents per pound as foodservice demand collapsed.
Collapsing liquid egg demand and prices signal reduced egg production economics, which could lead to smaller flocks and lower feed purchases over time.
eggindustrycenter.orgMay 8, 2020After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.
