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Country Bird Holdings CEO Marthinus Stander said poultry dumping and avian flu losses have cut South African maize demand, since local poultry producers would have used about 1.5 million tonnes of maize for feed. He said imported poultry does not use local grain, which reduces demand further, and that feed makes up 70% of poultry production costs.
Lower poultry output and displacement by imports reduce domestic feed grain demand, which is bearish for South African maize. The effect is concentrated in one regional market.
farmersweekly.co.zaGerhard UysSep 29, 2017After 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.
Not 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.
