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A USDA ARS research publication describes a 2020 highly pathogenic H7N3 avian influenza outbreak in US turkey farms in North Carolina and South Carolina. The virus evolved from a low-pathogenicity strain, and affected premises were depopulated.
Localised poultry losses in the US are small relative to national output, so the market effect is limited. The paper is mainly a scientific account of the outbreak.
ars.usda.govAug 21, 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.
