
Chicken prices in several Indian states have fallen 25-30% over the past two months as consumers cut back after H5N1 bird flu cases were reported in nine states. Jharkhand and Karnataka have carried out mass culling, and surplus supply has added pressure on prices.
Weaker chicken demand and oversupplied poultry reduce near-term feed grain and meal demand in India, a mildly bearish signal for corn and soymeal consumption in that market.
Not enough comparable past events yet for a historical read.
After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% 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.