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Chinese egg producers face higher costs as the government's bird flu crackdown forces hens to be kept beyond their prime laying period. Egg prices in the world's largest producer hit seven-year lows this week, below 4 yuan per kilogram.
Government figures cited show farmers losing about 32.5 yuan per hen over its lifetime at current prices.
Longer-lived hens and weak egg prices point to cuts in flock management and a prolonged oversupply, which weighs on egg prices. The effect on feed grain demand is small but leans bearish.
reuters.comHallie GuFeb 24, 2017After 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.
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.
