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Malaysia's Agriculture Minister said egg prices rose because bird flu hit poultry and cut supply, with egg production reportedly down about 70% versus two years earlier. He said the shortage is temporary and that the ministry is working with the domestic trade ministry on containing prices.
Lower Malaysian egg output reduces local poultry feed demand only marginally, but farm closures tied to high feed costs point to weaker demand for feed ingredients like corn and soymeal in the short term.
thestar.com.myMANJIT KAURDec 14, 2018After 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.
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.
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.
