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Quantum Foods reported that the first six months of its financial year, ending March 31, were shaped by the 2017 highly pathogenic avian influenza outbreak and by lower raw material costs. Yellow maize prices on SAFEX fell 33% and landed soybean meal costs fell 6% versus the prior-year period, following a record maize harvest and a stronger rand.
Lower maize and soybean meal costs reduce feed input prices for South African poultry producers, while weaker local demand after avian flu limits upside for feed grains and meal.
engineeringnews.co.zaSimone LiedtkeMay 24, 2018After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), 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.
