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EFSA reports the 2021-2022 HPAI epidemic was the largest yet seen in Europe, with 2,398 poultry outbreaks and 46 million birds culled across 36 countries. Between 16 March and 10 June 2022, 750 poultry outbreaks were recorded, mostly in France and Hungary.
H5 virus persistence in wild birds suggests it may now be endemic.
Heavy culling and possible year-round risk tighten European poultry supply, supporting higher egg and chicken prices and firmer demand for feed substitutes such as soybean meal and corn.
doi.orgEuropean Food Safety Authority (EFSA), Cornelia Adlhoch, Alice Fusaro, José L. Gonzáles, Thijs Kuiken, Stefano Marangon, et al.Aug 1, 2022Not enough comparable past events yet for a historical read.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% 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.
