With the Christian holy day of Easter upon us and Easter egg hunts typically in order, one would expect a seasonal change in demand. Poultry eggs are considered the near-perfect food. Packed with nutrients including protein, versatile and affordable. Global production grows at a decent rate of 2.82 CAGR but global trade is erratic, peaking in 2015 and 2016 but otherwise relatively flat. There was a seasonal trade peak in March of 2017, but that was an anomalous and overall volatile year for the egg trade. Seasonally, the bias is for the end of the calendar year. Again, 2015 and 2026 both had outsized increases in global trade toward the end of the calendar year but that has not been replicated since.
Over 70 percent of poultry eggs are p...
What You Need to Know Today: President Trump claimed the ceasefire between the U.S. and Iran was over, as both sides accused one another of violating the terms of the agreement. Commercial vessels are increasingly steering clear of the Strait of Hormuz as security risks escalate following Iran...
Key Takeaways: The CME Group is launching new 90 percent Lean Beef and 50 percent Lean Beef futures and options contracts in July. There are five key factors that must be present in physical markets and futures contract specifications for futures contracts to become successful. The two l...
