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Poultry farmers in Mysuru, India, face collapsing prices after bird flu cases were confirmed at Kumbarkoppal and more than 5,000 birds were culled. Chicken prices fell from about ₹160 to ₹80-90 per kg and egg prices dropped to ₹3.20 per egg amid COVID-19 rumours and closed chicken shops.
Sharp demand losses and bird culls reduce broiler and layer throughput, cutting feed purchases by poultry producers. The demand shock weakens feed grain and meal demand in the local market.
thehindu.comSpecial CorrespondentMar 19, 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.
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.
