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The US bird flu outbreak has entered its second year, with 58.4 million birds slaughtered on more than 300 commercial farms across 47 states. Government costs are about $661 million, and farm losses exceed $1 billion, with no end in sight as spring migration approaches.
Heavy layer and turkey losses tighten US egg and poultry supply and lift prices, while lower bird numbers reduce feed demand for corn and soymeal.
milwaukeeindependent.comAbout The AuthorMar 18, 2023Not enough comparable past events yet for a historical read.
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.
