
H5N1 has affected more than 97 million birds and 131 dairy herds in the US, according to the CDC. A UC Davis expert says vaccines are used in China and being explored in France, but face scientific, economic and political hurdles.
The debate over vaccination shows that flock and herd losses could continue, but no vaccination policy has been adopted that would change supply in the near term.
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.