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An Iowa Farm Bureau analysis reviews U.S. egg production, noting layer numbers rose 3.7% in 2016 to an average of 365.3 million and total output rose 4.9% to 101.95 billion eggs. It also notes inventories have recovered past pre-HPAI levels, though Iowa's large-flock count remains below prior levels.
Rising layer numbers and output expand supply of eggs and point to continued soft egg prices, which weighs on demand for corn and soybean meal used in layer rations over the coming year.
iowafarmbureau.comIFBF Research, Commodity Services- By S. Patricia Batres-Marquez, Decision Innovation Solutions (DISJun 29, 2017After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
