A University of Minnesota swine Q&A dated April 4, 2025 reported 70 US human H5 infections, including one death, as of that date. It said pigs are highly susceptible to H5 influenza because they carry both avian and mammalian flu receptors.
Confirmed susceptibility of pigs raises the risk of H5 spread into swine herds, which would be a downside risk to hog supply, but no herd infections are reported here.
After 645 past disease events, Lean 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, Soybean Meal 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.