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Since September, bird flu outbreaks have killed nearly 2 million turkeys on US farms, about five times the figure for the same period in 2024. Turkey flocks are at a 40-year low of 195 million birds, and hen losses total 5.7 million, just before Thanksgiving demand.
Reduced turkey and layer supply tightens poultry meat and egg markets, which supports demand for chicken and can lift poultry prices. This effect on feed demand is modest.
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.