
H5N1 has spread through more than 650 US dairy herds and has infected dozens of people, including cases in North America without a known animal source. A teenager in British Columbia is hospitalized in critical condition, and genetic sequencing suggests changes that could aid human infection.
Sustained dairy herd infections threaten milk output and raise the risk of broader restrictions on cattle and poultry movement. Any sign of human-to-human spread would be a major market shock for livestock and feed demand.
After 22 past bullish disease events, MILK moved a median -0.0% over 5 sessions (45% higher; middle half -0.9% to +0.5%), and -2.8% over 20.
Not enough comparable past events yet for a historical read.
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.