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The CDC reports the status of the H5N1 bird flu outbreak in US dairy cows, first reported in March 2024. It notes more than 200 mammal detections in the US since 2022 and sporadic human cases linked to exposure to infected cows.
Dairy herd infections can reduce milk output and cow numbers, which bears on milk supply. The sporadic nature of recent cases limits the likely price effect.
After 22 past neutral disease events, MILK moved a median -0.1% over 5 sessions (41% higher; middle half -1.4% to +0.5%), 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.