
North Carolina agricultural and veterinary officials discussed the H5N1 outbreak in dairy cattle at a farmer panel. The state found infected cows in April through routine testing after cattle from the Texas panhandle were moved to North Carolina.
Routine testing and movement controls help contain spread in dairy herds, limiting disruption to milk output and related feed demand. The effect on prices is small.
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.