
H5 bird flu has spread among wild birds in Australia, though commercial poultry remained free of the virus as of November 2. An Ernst & Young analysis warns that repeated outbreaks in commercial flocks could raise chicken and egg prices by up to 75% in a worst-case scenario, and producers are expanding surveillance and biosecurity.
A commercial outbreak in Australia would cut domestic poultry and egg supply and could push up demand for feed grains and meals from imports if production falls. The risk is a regional price story rather than a global feed price shock at present.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.