
A first human infection with Shamonda virus was reported in France, with the person later dying. The midge-borne virus has been detected in cattle in Germany, France and Belgium, causing fever and temporary milk loss.
Reduced milk yields in affected herds could tighten dairy supply locally, but the overall price effect is limited given the small scale.
After 645 past disease events, HOGS moved a median -0.1% over 5 sessions (48% higher; middle half -1.8% to +2.1%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
After 615 past disease events, SBM moved a median -0.2% over 5 sessions (46% higher; middle half -1.8% to +1.8%), and -0.2% 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.