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A near-record number of US chickens and turkeys have died in this year's avian flu outbreak. The virus has spread to more wild birds, which transmit it to farms.
Heavy US poultry losses reduce broiler and turkey supply, supporting chicken and turkey prices and creating demand for feed grains and meals.
Not 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.
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.