
PAHO and PANAFTOSA describe an epidemic of highly pathogenic H5N1 avian influenza in the Americas since 2022, linked to clade 2.3.4.4b. Sixteen countries have reported infections in birds and other animals, and two have confirmed human cases by early July 2023.
Sustained poultry losses and control measures in the Americas can tighten chicken and egg supply, but this piece is a general health briefing with no new price-moving event.
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.