Iran's Veterinary Organization reported three new highly pathogenic H5N8 avian influenza outbreaks in village birds and a livestock market in East Azerbaijan province. The event started on November 15 and was confirmed November 18, and was notified to the OIE on December 11, 2018 as a recurrence of a listed disease.
Small village and market outbreaks in Iran have limited effect on global poultry feed demand or grain prices.
After 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.