Australian authorities confirmed the country's first mass mortality event among wild birds from highly pathogenic H5 avian influenza, affecting greater crested terns on Baudin Rocks in South Australia. Officials reported 78 wild-bird cases nationwide and said there is no evidence the virus has reached commercial poultry.
The event is a wildlife concern, and commercial poultry is not yet affected, so direct feed demand impact is minimal. Any spread into poultry would raise risk to Australian chicken and egg supply.
After 645 past disease events, Lean Hogs moved a median -0.1% over 5 sessions (48% higher; middle half -1.8% to +2.1%), and +0.9% over 20.
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.