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Contagion Live reports the H5N1 outbreak has hit US poultry and dairy, with USDA committing a $1 billion response strategy covering biosecurity, vaccine research and innovation funding. CDC data show more than 169 million birds affected across all 50 states and Puerto Rico as of May 2025.
Ongoing HPAI pressure keeps layer and poultry flock risk elevated, supporting feed demand uncertainty, though this is largely a policy and disease-tracking update.
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.