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Avian influenza outbreaks in the US have reduced hatching egg supply, creating a shortage of meat chicks in Canada. About 20% of Canadian meat chickens are hatched from US-imported eggs, and commercial flock numbers in Nova Scotia are down 3% year on year.
Reduced chick supply lowers Canadian broiler output, which can modestly cut feed grain and meal demand in Canada. The effect on global grain prices is limited.
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.