Loading…
South Korean chicken producer prices rose 59.2% year on year to 2,690 won per kg, the highest since the Korea Broiler Council was founded in 1987. South Korea has culled more than 33 million poultry since November after a nationwide avian influenza outbreak.
About half of the country's 1,500 chicken farms cannot restock chicks because quarantine authorities banned them from doing so.
Heavy culling and restocking bans cut poultry supply and lift prices, and the industry expects about six months before prices stabilize. Tight Korean chicken supply supports demand for feed grains and meal, though the effect on US feed prices is limited.
thepoultrysite.comGlobal Ag MediaMar 10, 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.
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.
