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Nature reports that avian influenza is spreading widely, with new biosafety measures in France and the UK, deaths of penguins in South Africa, and a first South Korean case in six months. In the US, the disease is pushing up turkey prices ahead of Thanksgiving, and US domestic bird deaths approach record levels.
Rising bird flu losses in the US and Europe tighten poultry and turkey supply, supporting prices and demand for feed ingredients used in poultry rations.
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.