
South Africa reported four more HPAI H5N8 outbreaks, two in commercial poultry (one an ostrich farm) and two in captive birds, killing 200 of 28,623 susceptible birds on farms. The cases follow earlier outbreaks since June and were reported to the OIE.
Additional poultry losses in South Africa tighten local supply and keep bird culling and trade restrictions in place. The scale is small compared with national flock sizes, so the price effect is modest.
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.