
Avian influenza has killed more than 5,000 common cranes in Israel's Hula Valley since December 2021, and the outbreak has spread to raptors and other birds. Local farmers culled about half a million chickens, and there are fears of egg shortages.
The UK is also facing record bird flu outbreaks.
Culling of half a million chickens in Israel and record outbreaks in the UK reduce poultry supply and feed demand in the region. The effect on global chicken prices is limited but supports regional prices.
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.