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South Korea confirmed a highly pathogenic H5N8 bird flu outbreak on a duck farm in the southwest of the country, according to the OIE. The outbreak led to the culling of about 19,000 ducks.
The cull is small relative to national poultry output, so the direct price effect on feed demand is limited, though it signals ongoing regional HPAI risk.
reuters.comDec 1, 2020After 645 past disease events, Lean 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, Soybean Meal 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.
