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Algeria confirmed its first H5N8 highly pathogenic avian influenza outbreak in poultry, with about 50,000 of 51,200 birds dead and the rest culled. Iran reported 22 new HPAI outbreaks affecting over 637,000 birds, and cases were also reported in India and Vietnam.
Spreading avian flu reduces poultry flock sizes and can trigger import bans, which lowers demand for feed grains and meal in affected regions while modestly supporting chicken prices.
wattagnet.comJackie LindenFeb 11, 2021Not 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.
