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Avian flu struck a large Cal-Maine layer operation in Texas, with nearly 2 million birds to be killed. USDA also confirmed an HPAI-positive dairy herd in Idaho, adding to cases in Texas, Kansas, Michigan and New Mexico.
The loss of a large layer operation tightens egg supply and supports higher egg prices, while the dairy detections raise concern for milk output.
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.