
Highly pathogenic avian influenza has spread through chicken and turkey flocks in 46 US states since February 2022, with over 50 million birds culled. Culling is driving up egg and poultry prices ahead of Thanksgiving.
Heavy bird losses reduce poultry and egg supply during the holiday demand peak, supporting higher poultry prices. Demand for feed ingredients may soften as flocks shrink.
Not 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.