
FactCheck.org explains that USDA confirmed H5N1 in US dairy cattle in March 2024 and that FDA detected viral genetic material in commercial milk. It notes that pasteurization inactivates the virus, and that 36 herds were affected by early May 2024, with human cases confirmed among dairy and poultry workers.
The FDA says the commercial milk supply is safe, so consumer demand effects are likely limited. Infections in herds are a supply concern for milk but are not yet large enough to shift prices on their own.
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.