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Asia's poultry sector faces its worst bird flu outbreak in years, with over 20 million chickens destroyed in South Korea and Japan since November. The H5N8 virus reached India and has been reported in 10 states, and Europe is also seeing its worst outbreak in years.
Widespread culling across Asia and Europe reduces poultry output and feed demand, a bearish factor for feed grains and meal in the near term.
reuters.comRajendra JadhavJan 14, 2021
thepoultrysite.comMegan HowellJan 14, 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.
Not enough comparable past events yet for a historical read.
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.
