
Mongabay reporting describes H5N1 spreading across six continents and killing many bird and mammal species. Hundreds of bird species and dozens of mammal species have been affected since the 2020 European outbreak.
Wildlife losses are mainly an ecological concern and have little direct effect on feed commodity supply or prices.
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.