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The American Farm Bureau reports that the 2022/23 HPAI H5N1 outbreak has affected 58.8 million birds in 831 flocks across 47 states since February 2022. The current outbreak has lasted about twice as long as the 2015 H5N2 episode and has hit far more birds, with more backyard detections.
Sustained bird losses tighten egg and turkey supply, supporting poultry prices and raising feed demand for layers and turkeys, which matters to feed buyers pricing corn and soybean meal.
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.