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South Africa has reported several H5 avian influenza outbreaks in Gauteng, North West and Western Cape provinces since April 2021, including a layer farm and a parent breeder farm. Botswana and Mozambique restricted poultry imports from South Africa in response.
Import bans on South African poultry shift regional chicken demand toward other suppliers and reduce local poultry output, which lowers demand for feed grains and meal in the short term.
fas.usda.govMay 20, 2021Not enough comparable past events yet for a historical read.
After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% 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.
