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Reports say H5N1 bird flu has spread to mammals, including farmed dairy cows and sheep that have close contact with people. Officials and researchers have raised fears that the virus could eventually transmit between humans.
Spread into farmed mammals raises the risk of disruption to livestock and poultry supply chains, which could affect feed demand over time. The immediate price impact is limited without confirmed human-to-human transmission.
reuters.comMar 24, 2025After 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.
