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Food Safety News reports no US commercial flock has been struck by H5N1 since April 18, 2023, after 58.7 million birds were depopulated in 2022-23. Outbreaks continue in Sweden, Poland, Germany and Denmark, and the virus has spread from birds to some mammals.
The commercial break lowers near-term supply risk for poultry and feed demand, but continued outbreaks abroad and mammal spread keep the risk premium from fully disappearing.
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.