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Chinese breeder Guangdong Wen reported a nearly 63% drop in nine-month profits after the H7N9 bird flu outbreak hit its business. The company has switched to new broiler breeds and expanded chilled poultry sales as demand and prices recovered in the third quarter.
Lost bird flu production and closed live bird markets reduced China's poultry supply, which supports poultry prices. Recovering demand and a shift toward broiler production point to a gradual rebuild of supply.
indianexpress.comReutersOct 30, 2017Not enough comparable past events yet for a historical read.
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.
