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HPAI has infected flocks in 35 states and affected nearly 38 million birds, the largest US outbreak since 2015. It has pushed up consumer prices for eggs more than chicken, and California's cage-free egg law has compounded local egg price increases.
Egg supply shocks are feeding through to retail prices, while chicken has seen a smaller impact. Policy-driven cage-free rules add cost pressure on top of disease losses.
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.