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Highly pathogenic avian influenza returned to Nepal with two H5N1 outbreaks reported to the OIE, including a broiler breeder flock losing over 1,500 birds. Belgium also began state support for farmers hit by an H3N1 variant previously considered mild.
Outbreaks in small poultry sectors have limited global price effect, but they reinforce ongoing disease pressure on poultry output that supports chicken prices and modestly reduces 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.