
China's agriculture ministry confirmed an H5N8 avian influenza outbreak in a flock of wild birds at a wetlands park in Tibet. The report covers 268 birds.
A wild bird outbreak in China is a limited event that is unlikely to affect commercial poultry supply or feed demand materially.
After 645 past disease events, HOGS moved a median -0.1% over 5 sessions (48% higher; middle half -1.8% to +2.1%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
After 615 past disease events, SBM moved a median -0.2% over 5 sessions (46% higher; middle half -1.8% to +1.8%), and -0.2% 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.