Loading…
South Korean egg prices fell sharply from last year's levels despite mass culling of chickens after avian influenza outbreaks since November. The Korea Agro-Fisheries & Food Trade Corp data showed a 30-egg carton at 4,718 won, while egg-laying hens rose 40.9 percent year on year.
A rebound in egg-laying flock size increases feed demand for corn and soymeal in South Korea, though the oversupply pushes prices down and may slow restocking.
en.yna.co.krDoo-Hyong HwangMar 20, 2018After 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.
After 67 past bullish disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), 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.
