
Between January and March 2026, Latin America and the Caribbean reported 25 HPAI outbreaks to WOAH, affecting domestic and wild birds including commercial flocks. WOAH and FAO convened an emergency regional coordination meeting attended by officials from 17 countries.
Ongoing outbreaks in Latin American poultry can reduce regional chicken output and feed demand, which may modestly support Brazilian and Argentine export competition for meal and grain.
Not enough comparable past events yet for a historical read.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% 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.