The Lancet reports that H5N1 has spread widely in US dairy cattle, with a new D1.1 genotype linked to a death in Louisiana and a severe case in Canada. It also notes that FAO and WOAH have published a 10-year global avian influenza strategy calling for surveillance, vaccination and biosecurity.
The new genotype and the global strategy raise the likelihood of longer-term poultry and dairy disruption, which would affect feed demand. The article itself does not report a current supply loss that moves prices now.
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.