
Virologists warn that H5N1 bird flu in US dairy cattle may persist on farms indefinitely and could spread to poultry and migratory birds. They also note 14 US human cases since March and say the current response is inadequate.
Persistent infection in cattle raises the risk of recurring poultry losses and possible trade restrictions. These disruptions could move poultry and dairy feed demand, but the price effect is not yet clear.
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.