
A Congressional Research Service primer describes animal disease management under the 2018 farm bill, covering threats such as foot-and-mouth disease, African swine fever and H5N1 avian influenza. It notes USDA has spent over $1.4 billion on the poultry H5N1 outbreak and that prevention is more cost-effective than outbreak response.
Ongoing disease spending and possible policy changes could affect future animal health funding, but this primer describes no new supply shock for feed markets.
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.