Bird flu (H5N1) was confirmed in ducks in Kerala's Alappuzha district, with about 20,471 birds to be culled and movement restrictions within a one-kilometre radius. African swine fever was also confirmed at a pig farm in Kottayam district.
Culling and movement bans are local, but African swine fever in India adds to pork supply disruption in a region with limited poultry and pig feed demand; the impact on global feed prices is small.
After 117 past bearish disease events, Lean Hogs moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% over 20.
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.