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Avian influenza H5N1 clade 2.3.4.4b has circulated in wild birds in Europe, Asia and Africa since at least 2020 and reached North America in late 2021. The virus caused unusually high mortality in endangered South American seabirds and marine mammals starting in early 2023.
This is background on the virus's wildlife spread rather than a new supply shock, so it has little direct effect on feed or meat prices.
asm.orgRita Czakó, Stinnett, Ph.D., MHSJun 24, 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.
