
Minnesota officials reported highly pathogenic avian influenza H5N1 in a baby goat in Stevens County, the first US livestock detection. The goat lived on a farm where poultry had recently been culled after a February outbreak, and all species on the farm were quarantined.
The detection is a single farm, so its direct effect on feed or livestock prices is limited. It does point to possible spread across mixed-species farms.
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.