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South Korea is extending a subsidy covering up to half the cost of sea-freighted egg imports until the end of April. The country has culled over 33 million birds since its worst-ever bird flu outbreak began in November.
The average retail price for 30 local eggs has fallen more than 20 percent from its January peak.
Korean egg shortfalls keep import demand high, supporting US egg and egg product exports. The effect on feed grain prices is limited but supportive of demand for poultry inputs.
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.