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Highly pathogenic avian influenza in Ukrainian domestic poultry led several countries to halt imports, with lost trade estimated at about UAH150 million a month. Ukraine's poultry meat exports to the EU, about a quarter of the total, have been halted, pushing more chicken onto the domestic market.
Lost export outlets in Ukraine add supply to the domestic market, which pressures local chicken prices lower. Reduced poultry output also trims local feed grain demand modestly.
wattagnet.comJackie LindenDec 13, 2016Not enough comparable past events yet for a historical read.
After 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.
