HPAI has now spread to a seventh poultry farm near Melbourne, Australia. It is a different strain than the six previously detected.
Victoria’s Ag Department said that restricted and controlled areas have now been put in place surrounding all infected premises.
Approximately, one million chickens have been killed in Australia as a result of the virus. That is roughly 5% of the country’s egg-laying flock. While there are no egg shortages, some stores have put purchase limits in place.
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“It does not extinguish right away here — in any sort of sense — the real profitability concerns and people’s ability to pay bills and get to the other side of this in the very short term. This is where the skepticism builds.”
Rich Nelson, a commodity broker for Allendale Inc., joins us to break down what the U.S.-China trade agreement means for the ag economy.
The U.S.-China summit raises hopes for stronger exports and reduced barriers, but U.S. ag players should remain strategically cautious until concrete volumes and certifications materialize.
Global agriculture is stabilizing after years of price swings, with flat to modestly rising returns expected as productivity offsets slower demand growth.
Expect incremental near-term lift for feed grains, proteins, and ethanol as tariff cuts and smoother approvals translate into real orders.
If confirmed, early Chinese buys tighten nearby Gulf/PNW capacity and could bump basis in export-oriented regions.