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Philippine authorities partially lifted an avian flu poultry ban. Farm gate prices have slumped to P10-15 per kilogram from an average of P70, and the industry estimates losses of about P179 million per day.
Lower poultry prices and reduced domestic demand from the ban's effects weigh on poultry feed demand, while the partial lifting gradually restores broiler and layer flocks' feed needs.
philstar.comLouise Maureen SimeonAug 22, 2017Not enough comparable past events yet for a historical read.
After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), 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.
