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UK and European egg producers report feed costs up as much as 50% after hot, dry weather cut wheat yields. BFREPA says a packer with 17 producers has gone out of business and calls for an egg price rise.
Drought-hit wheat and soymeal/sunflower supplies push compound feed costs higher, and sustained cost pressure may reduce layer flock sizes and feed demand.
farminguk.comFarmingUK TeamSep 3, 2018After 1,072 past bullish weather events, Wheat (SRW) moved a median +0.2% over 5 sessions (55% higher; middle half -1.4% to +2.3%), and +0.3% over 20.
Not enough comparable past events yet for a historical read.
After 453 past bullish weather events, Soybean Meal moved a median +0.5% over 5 sessions (55% higher; middle half -1.6% to +2.7%), and +0.5% 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.
