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The U.S. egg industry recovered faster than expected from the 2014-2015 H.P.A.I. outbreak, leaving egg supplies ample and prices at multi-year lows. New H.P.A.I. detections in Tennessee and low pathogenic cases in several states have raised industry concern during spring migration.
Ample egg supply keeps prices depressed, but new H.P.A.I. cases raise the risk of flock culls and export bans that could tighten supply and affect poultry feed demand.
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.