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US poultry and egg export value rose 10.5 percent in 2017 to $4.509 billion, the largest gain since 2013, according to USAPEEC analysis of federal trade data. The recovery follows the 2014-2015 avian influenza outbreak, and nearly all markets have reopened except China.
Strong export demand for US poultry supports domestic chicken prices and feed grain use, while China's continued ban limits export upside.
usapeec.orgFeb 9, 2018Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
