
Cal-Maine Foods, the largest US egg producer, said bird flu remains an extremely strong presence globally. WOAH data showed nearly 500 poultry outbreaks across 26 countries in October and November 2025.
Persistent global HPAI pressure keeps layer flock recovery at risk, which supports egg prices and modestly supports poultry feed demand.
After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% over 20.
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.