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USDA estimated August table egg production at 688 million dozen, 1.8 percent above a year earlier, and raised its Q3 and Q4 production forecasts. It also raised its 2020 table egg production forecast and projects higher ending stocks.
Dried egg inventories were rising.
Higher production and rising stocks point to ample egg supply and softer prices into the holiday baking season. This keeps pressure on demand for layer feed.
feedstuffs.comOct 21, 2019Not 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.
