Loading…
China's Ministry of Agriculture and Rural Affairs said the poultry sector has suffered serious losses from feed shortages, transport problems, sales difficulties and shutdowns of slaughter plants since the coronavirus outbreak. Officials warned of a possible poultry and egg supply disruption in the second and third quarters, and are arranging special loans and lower interest rates for large producers.
Two recent bird flu cases in Hunan and Sichuan have also weighed on poultry sales.
Feed shortages in China threaten to cut poultry output later in 2020, which would support feed demand for soymeal and corn imports if supply recovers, while weak current demand keeps near-term pressure on prices.
chinadaily.com.cnWang KejuFeb 18, 2020Not enough comparable past events yet for a historical read.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% over 20.
After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% 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.
