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HPAI outbreaks have disrupted Indian poultry markets, with H5N8 found at five Kerala duck farms affecting about 83,000 birds. New poultry cases were also reported in Iran, Japan, South Korea, and the first HPAI outbreak in Senegal.
Spreading avian flu across Asia and Africa cuts poultry sales and feed demand, a modestly bearish signal for feed grains and meal.
wattagnet.comJackie LindenJan 13, 2021After 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.
