The infection at the property has only cut production, not mortality.. Therefore as long as the flock is fine production will come back online.
Agricultural production is governed by federal not state and as Farm Pride has more than 40% of the market share, bio security is a commonwealth issue.
Information of this nature will never be disclosed, unless it's a health issue to people.
But your right those in the know are ahead of the game.
At the present time egg prices in Melbourne and Sydney wholesale are rocketing up.
1st August 37-39 21st August 53-57 barn laid.. Free range 75-77 strong
This is wonderful when Farm Pride come back on line, as its my understanding renewal of supply to chain stores commences in September.
You'll see evidence of this when the supply in Coles and Woolworth starts drying up in about 2 weeks time from now.
As for Glenmac continues to sell at any prices, his the sucker who was buying it above $2.20.
He will come back, needs to as its a hedge for him.
Hope this answers your questions...
FRM Price at posting:
$1.69 Sentiment: Buy Disclosure: Held
