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Japan has reported avian flu in 12 of its 47 prefectures, with a record 3 million birds culled to date, including about 32,000 birds in Kochi. South Korea also issued a 48-hour national movement standstill order for poultry farms after a rise in H5N8 cases.
Record culls in Japan and Korea remove layers and broilers from the supply chain, reducing poultry feed demand in Asia. Continued outbreaks raise the risk of wider trade restrictions on poultry products.
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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.