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Bulgaria's food safety agency confirmed a new H5N8 bird flu outbreak on a backyard farm in Kosovo village near Vidin, and all birds on the farm are being culled. The outbreak was reported on December 19-20, 2018.
A small backyard outbreak has minimal supply effect on global poultry feed demand, so price impact is negligible.
thepoultrysite.comDec 20, 2018After 645 past disease events, Lean Hogs moved a median -0.1% over 5 sessions (48% higher; middle half -1.8% to +2.1%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
After 615 past disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.8% to +1.8%), and -0.2% over 20.
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.
