New outbreaks of highly pathogenic avian influenza have been confirmed in poultry in the Philippines, South Africa and Vietnam. Pirbright Institute research shows H7N9 mutations that increase replication and transmission in poultry, and two Chinese children tested positive for H7N9 after contact with domestic birds.
Ongoing HPAI outbreaks and more transmissible strains raise the risk of flock culls and trade restrictions, which can reduce poultry output and support feed demand changes.
After 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.