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Highly pathogenic avian influenza has been reported again in poultry in Australia, the Philippines and Russia, on different continents and involving three virus families. Recent poultry mortality and reduced production are linked to the outbreaks, and research highlights wild birds as the likely source.
Multi-country outbreaks reduce poultry output and may support demand for feed substitutes in affected markets. The overall effect on global prices is likely small unless spread widens.
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.