
The ECDC overview reports 36 highly pathogenic H5N8 avian influenza outbreaks in Europe between 16 November 2019 and 15 February 2020, mostly in poultry in eastern European countries. Two low pathogenic outbreaks were also reported, in the UK and Denmark.
The document notes the risk of spread westward is decreasing as spring migration approaches.
Limited outbreaks concentrated in eastern Europe and declining spread risk suggest modest near-term pressure on poultry supply and limited impact on poultry feed demand.
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.