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A US bird flu (HPAI) case has put chicken and turkey farms on alert. Poultry industry and government officials say they have plans to stop spread faster than in the 2015 outbreak.
Egg, turkey and chicken prices could rise and supply could fall if enough farms are infected.
Losses of laying hens and turkeys reduce poultry output and feed demand, while tighter egg and poultry supply can lift prices for the broader protein complex. Corn and soybean meal demand from poultry integrators could soften if flock sizes drop.
apnews.comDavid PittFeb 15, 2022Not 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.
