
Bird flu outbreaks are killing chickens across Japan and South Korea, where 20 million birds have been destroyed since November, and have reached India, the world's sixth-largest poultry producer. Experts warn wild bird migration will continue until March or April, raising the risk of spread.
Large Asian culls and spread into India reduce poultry supply and feed demand across major importing markets, supporting chicken prices while cutting grain and meal consumption.
Not 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.