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Avian influenza outbreaks were reported in poultry in four countries, including H7N9 in zoo peacocks in China, H5N1 in Nepal, H5N8 in Iraq, and H7N4 in Cambodia. China's poultry H7N9 spread has declined since vaccination began in 2017.
Small, scattered poultry outbreaks in these countries have limited effect on global feed demand, though they can prompt import restrictions that weigh modestly 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.