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More than 90 dairy herds in a dozen states have been infected with H5N1 since late March, with many cases in Michigan. USDA findings indicate spread between farms through shared equipment and vehicles, and people carrying the virus.
Ongoing herd infections can cut milk output in affected states, a modest bearish factor for dairy prices, but no national production loss has been reported.
npr.orgWill StoneJun 15, 2024After 10 past bearish disease events, Milk (Class III) moved a median +0.1% over 5 sessions (60% higher; middle half -0.5% to +0.7%), and +2.2% 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.
