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Livestock economist Mark Jordan says HPAI has affected more than 185 million poultry since early 2024 and that some flocks may not be restocked. Egg prices have risen 250 percent since 2019, while turkey prices are weak and several turkey plants have closed.
Flock losses and possible demand destruction tighten egg and turkey supply, but weak turkey prices and plant closures point to soft turkey demand for feed.
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.