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Mexico has reported five H7N3 avian flu outbreaks between April 24 and May 7, affecting over 2,000 birds at one farm and backyard flocks. Vietnam had a new H5N1 outbreak in Hau Giang province in early May.
Belgium also reported an unusual avian flu variant on farms.
Localized poultry outbreaks trim bird numbers and modestly reduce feed demand, with limited impact on global grain or meal prices.
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.