
Investigate Midwest tracked US bird flu outbreaks, reporting that Minnesota has the most poultry outbreaks at 172 and Colorado the most dairy outbreaks at 64. The data showed poultry cases steady since 2022 and dairy cases rising sharply in 2024, with 14 human cases since April.
Steady poultry losses and rising dairy detections keep ongoing pressure on US poultry and milk output, but the reported pattern is largely already priced in. Price impact is limited.
After 645 past disease events, 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, SBM 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.