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Iranian officials culled about 25 million poultry, roughly 40 percent of the national flock, after bird flu cases emerged. The cull caused egg production to fall sharply and egg prices to climb, and Iran is importing about 50 trucks of eggs weekly from Turkey.
The large cull cuts Iranian poultry feed demand and raises import needs for eggs, creating a modest bullish signal for Turkish poultry exports and a bearish one for Iranian feed consumption.
dailysabah.comDaily Sabah with AAFeb 11, 2018Not enough comparable past events yet for a historical read.
After 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.
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.
