Loading…
Chinese egg futures in Dalian rose almost 10% in under two weeks to 4,688 yuan per ton, the highest since November 2014, as African swine fever cut pork supply and boosted demand for chicken and eggs. Food makers are also buying eggs for mooncakes and egg tarts ahead of the mid-autumn festival.
Higher Chinese poultry demand from pork shortages can lift global demand for feed ingredients such as soymeal and corn as producers expand flocks, supporting feed prices.
gulfnews.comBloombergJul 10, 2019Not enough comparable past events yet for a historical read.
After 67 past bullish disease events, SBM moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), and +0.4% over 20.
After 56 past bullish disease events, CORN moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.6%), 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.
