
The American Egg Board told a supply chain conference that more than 132 million laying hens have been lost to HPAI since 2022, including over 33 million in 2025. Wholesale shell egg prices have dropped more than 50% and retail egg volume has softened.
Softer egg demand and rising imports reduce layer feed needs, and the outlook depends on avoiding new outbreaks.
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 69 past disease events, Soybeans moved a median +0.3% over 5 sessions (57% higher; middle half -1.7% to +1.9%), and +0.1% 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.