
An analysis from CSIS says the current H5N1 outbreak has affected over 168 million US birds across all 50 states since 2022, making it the longest and deadliest animal disease emergency in US history. Retail egg prices in March 2025 were 60.4% higher than a year earlier.
Sustained losses of this scale keep the US egg supply constrained and retail prices high, and they signal ongoing vulnerability to further supply shocks. The effect on feed grain and meal demand from layers is gradual rather than immediate.
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.