Soy Oil Hits Record High & Avian Flu Spreads Further

Avian Flu now has been detected in 29 states, three more added since last week.  31 million birds have been depopulated and removed from the food supply adding another 6 million birds since last week.    Shell eggs and turkeys seem to be the most affected so far.  We did not see the annual after Easter drop in shell egg prices and I would not expect to see that any time soon.  On the current market I’m sounding the same song, boneless skinless breasts and tenders continue higher still while packers are struggling to find homes for wings.  Import bans on US poultry are popping up as infections continue so what is being produced will be staying in the country.      Corn closed over $8, up to  $8.11 for the first time this year up from last week at $7.79. We are into silly season when weather reports move markets. Snow and rain have delayed planting in the northern states and lower scheduled acres are already making some people a bit skittish. Savalfoods.com | Find us on Social Media: Instagram, Facebook, YouTube, Twitter, LinkedIn