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California voters approved Proposition 12 in early November 2018, requiring eggs sold in the state to come from cage-free systems, including eggs imported from other states. The measure also sets space requirements for veal and pork production.
Applying the rule to out-of-state eggs widens demand for cage-free supply nationally, which could tighten cage-free egg availability and lift premiums for buyers of egg-related feed inputs over time.
fb.orgMichael NepveuxNov 26, 2018After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
