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A fake WhatsApp video falsely linking chicken to coronavirus has led to mass destruction of eggs and hatchlings in Maharashtra and other Indian states. Dealers estimate daily business losses of hundreds of crores of rupees.
Destroyed hatchlings and lower poultry output reduce feed demand in India, pressuring local corn and soymeal consumption.
science.thewire.inSukanya ShanthaMar 18, 2020Not enough comparable past events yet for a historical read.
After 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, SBM 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.
