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South Korea raised its bird flu alert to the highest 'serious' level after a highly pathogenic H5 strain was found at a duck farm in Jeongeup, the first outbreak among farmed poultry in 32 months. Authorities are culling about 392,000 birds at nearby farms and restricting traffic, with 2.61 million birds at 60 farms within 10 km.
African swine fever is also spreading in the country.
Culling of this size and movement restrictions tighten local poultry and egg supply, supporting feed demand for poultry and potentially lifting prices for chicken and feed ingredients, while import demand for eggs could rise as in the 2017-18 outbreak.
koreaherald.comKo Jun-taeNov 29, 2020Not enough comparable past events yet for a historical read.
After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% 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.
