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Urner Barry analyst Brian Moscogiuri says the global avian influenza outbreaks could lift prices for US egg producers. He notes that European egg product prices rose about 30% when the US lost 11% of its production in an earlier outbreak.
South Korea's egg shortage is expected to last at least a year.
Export demand for US eggs from affected Asian markets could help offset domestic oversupply, though the effect on feed demand is limited.
brownfieldagnews.comMeghan GrebnerDec 27, 2016Not 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.
