The 2022-26 HPAI outbreak has now hit more than 1,000 US commercial flocks, passing that mark on March 31 and 1,001 on April 1. Most losses have been turkey flocks, with significant layer, broiler and duck losses as well.
Continued poultry losses reduce bird numbers and feed demand, mainly in turkeys and layers, which is modestly bearish for poultry feed demand and supportive of chicken and turkey prices.
Not enough comparable past events yet for a historical read.
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, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% 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.