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by araes
465 days ago
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Generally correlates with my own view on the subject. After reading two USDA reports on the subject "Chickens and Eggs" [1] and "Egg Markets Overview" [2] it seemed like the markets are not responding to actual supply / demand issues. The losses, while large "sounding" (30 million), are not really that enormous in the context of 369 million egg laying flock, down 2% from the previous year. And most of the losses were heavily constrained to the Ohio (44%) / Illinois (22%) area. [1] https://downloads.usda.library.cornell.edu/usda-esmis/files/... [2] https://www.ams.usda.gov/mnreports/ams_3725.pdf |
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