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Brazil has reported its first case of highly pathogenic avian influenza on a commercial poultry farm. The disease has spread globally in recent years, leading to hundreds of millions of birds being culled.
Brazil is a leading chicken exporter, so a commercial-farm case can trigger import bans that cut its export supply and support global chicken prices. Lower poultry output also reduces demand for soybean meal and corn used in feed.
reuters.comOliver GriffinMay 16, 2025Not enough comparable past events yet for a historical read.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% 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.
