
Bird flu detections in commercial poultry flocks were reported in 12 states in a June USDA APHIS update, including layers, broilers and turkeys. More than 100 million birds have been lost in the current outbreak cycle.
Fresh commercial flock losses reduce feed demand and can push egg and poultry prices higher, with retail effects lagging six to eight weeks. The scale of ongoing losses is a modest feed-demand negative.
After 175 past bearish disease events, CORN moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 167 past bearish disease events, SBM moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% 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.