
Bird flu on one southern Brazil farm has halted exports to major markets including China, Mexico and South Korea, shutting out more than $4 billion a year, or 40% of export revenue. Brazil supplies over a third of global chicken exports, and analysts expect higher prices abroad and lower prices at home.
Chicken demand has been growing as consumers look for cheaper alternatives to beef.
The loss of Brazil's export supply raises global chicken prices and benefits exporters such as the US, while Brazilian domestic chicken prices fall. The shift pressures feed demand tied to poultry production in importing countries.
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.