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H5N1 outbreak culls tens of millions of layers and broilers through 2022–23, shifting feed demand.
WikipediaNot enough comparable past events yet for a historical read.
After 379 past disease events, CORN moved a median +0.2% over 5 sessions (53% higher; middle half -1.5% to +1.7%), and +0.4% over 20.
After 615 past disease events, SBM moved a median -0.2% over 5 sessions (46% higher; middle half -1.8% to +1.8%), and -0.2% 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.
The H5N1 outbreak confirmed in US flocks in early February 2022 raised fears of poultry supply losses and export bans, supporting chicken prices; early culls were mostly layers and turkeys, so broiler supply impact was limited and other factors (feed costs, strong demand) likely also contributed.
The H5N1 outbreak confirmed in US flocks in early February 2022 raised fears of poultry supply losses and export bans, supporting chicken prices; early culls were mostly layers and turkeys, so broiler supply impact was limited and other factors (feed costs, strong demand) likely also contributed.
