
Mexico reported five new H7N3 highly pathogenic avian flu outbreaks between April 24 and May 7, affecting small backyard flocks and a 2,000-hen laying farm, bringing its 2019 total to 11 outbreaks and over 144,000 birds. Vietnam reported a new H5N1 outbreak in a village flock in Hau Giang, and an unusual avian flu type was found on Belgian farms.
Outbreaks in exporters and importers of poultry shift regional supply and demand for feed grains and meal, though the scale here is small and localized, so the price effect is limited.
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.