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Highly pathogenic avian flu outbreaks hit more US poultry farms, including a Ohio layer pullet farm with 1.3 million birds, turkey farms in Minnesota and Michigan, and a California layer farm with 709,000 birds. APHIS reported 13.2 million birds lost over the last 30 days and a record 79.3 million since February 2022, and WOAH issued a policy brief on vaccination and trade.
Losses of over 13 million birds in a month tighten US egg and turkey supply and support prices, lifting demand for feed grains and meal.
cidrap.umn.eduLisa SchnirringDec 28, 2023Not enough comparable past events yet for a historical read.
After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% 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.
