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Avian influenza outbreaks in European countries have blocked some EU poultry from reaching Middle Eastern markets, according to Sanderson Farms executives. Demand for U.S. leg quarters has risen and prices have increased.
More than 330 cases have been reported in France alone.
Stronger U.S. export demand for chicken leg quarters supports broiler prices and could lift domestic poultry demand for feed grains.
wattagnet.comRoy GraberFeb 24, 2017Not enough comparable past events yet for a historical read.
After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
