Egg prices in several Nigerian cities remain high even though poultry feed prices and some major feed ingredients have recently declined. Farmers blame low production, shortages of replacement chicks and pullets, and rising costs of medication, energy and transport.
Lower feed costs are not passing through to eggs because the laying flock is shrinking and older hens produce less, so egg supply stays tight and demand for feed ingredients from layer farms may recover slowly.
After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% 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.