
Bird flu has killed 7.4 million chickens in Pennsylvania over the past month. Veterinarians and industry members suspect a link to a recent loss, and the virus has also infected US farm workers.
Losses of this size remove a large share of layer flock demand for corn and soybean meal, which is bearish for those feed ingredients. Egg supply shortages could lift egg and poultry prices.
After 175 past bearish disease events, CORN moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 167 past bearish disease events, SBM moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% over 20.
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.