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Avian influenza H5N1 has affected wild water and shorebirds, commercial poultry, and backyard birds in the US. According to the CDC, more than 55 million birds have been infected since January 2022, and the virus has spread to some mammals.
Ongoing poultry losses reduce bird numbers and the demand for poultry feed. The risk of further spread keeps supply uncertainty elevated.
Not enough comparable past events yet for a historical read.
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.