Michigan State University Extension links rising egg prices to HPAI outbreaks spread by migrating wild waterfowl. Since 2022, USDA has recorded over 1,400 poultry flocks affected in all 50 states and Puerto Rico.
Ohio, the second-largest egg-producing state, has lost over 10 million birds since late December 2024.
Losses concentrated in large egg-producing states reduce national layer supply and sustain high prices. Fewer hens also means lower feed grain and meal demand in those regions.
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.