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The U.S. has lost about 52.7 million birds to highly pathogenic H5N1 avian influenza since February 2022, across 46 states. It is the worst U.S. poultry health disaster since 2014-2015 and the outbreak has persisted through summer and resurged.
Large losses of layers and broilers reduce poultry supply and feed demand, and egg supply tightness supports higher prices. The scale of the outbreak makes this a meaningful driver for poultry and feed markets.
npr.orgBill ChappellDec 2, 2022Not enough comparable past events yet for a historical read.
After 175 past bearish disease events, CORN moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 167 past bearish disease events, SBM moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% 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.
