
Bulgaria reported new highly pathogenic H5 avian flu outbreaks that killed 112 of 12,188 birds across backyard and commercial sites, and South Africa reported four more H5N8 outbreaks in Western Cape. The USDA conditionally approved the first DNA avian flu vaccine for chickens.
Continued HPAI outbreaks in exporting regions can trigger import bans and cull-driven supply losses, modestly supporting poultry and feed demand for meal substitutes; the vaccine approval is a longer-term supply-side development.
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.