Highly pathogenic avian influenza has been confirmed in several poultry farms in South Korea this month, including a quail farm with 466,000 birds in Paju, Gyeonggi, on November 12. Other outbreaks were reported in laying hens, ducks and layer farms in Gyeonggi, Jeonnam and Incheon.
Separately, foot-and-mouth disease was confirmed on a 47-head cattle farm in Yecheon, Gyeongbuk on November 12.
Repeated poultry outbreaks reduce layer and duck supply and can tighten egg and poultry prices in Korea, which raises import demand. Foot-and-mouth disease in cattle adds to the risk of movement restrictions and trade limits on Korean livestock products.
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.