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USDA confirmed highly pathogenic avian influenza in southern Tennessee, Alabama and Kentucky, and over 40 million U.S. chickens and turkeys have been lost since 2014. Hong Kong, South Korea and Taiwan have halted imports of U.S. poultry following the new outbreaks.
Expanding bans on U.S. poultry exports reduce domestic broiler supply pressure, which is bearish for chicken prices and weakens poultry-linked feed demand.
wattagnet.comMar 24, 2017Not enough comparable past events yet for a historical read.
After 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.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% 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.
