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Reuters reported that bird flu has spread faster in the EU than in 2023 and that the virus has reached nearly 400 US dairy herds across 14 states. Spread to mammals, including US dairy cattle and swine, has raised concern about possible mutation toward human transmission.
Faster EU spread could lead to more poultry culls and trade restrictions, supporting poultry and egg prices and feed demand. The overall scale of the impact on feed markets remains uncertain from this brief report.
reuters.comSybille De La HamaideOct 31, 2024After 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.
