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HPAI spread to Japan's Chiba prefecture, where about 1.16 million laying hens are being culled, the largest cull in Japan's history. Japan has now recorded outbreaks in 13 prefectures, and South Korea has culled more than 10 million birds.
Losses of this scale in Japan and South Korea remove significant egg and poultry supply in Asia, supporting egg and chicken prices and import demand.
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.