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Avian influenza H5N1 is spreading to new wild species and regions, including mammals such as polar bears and cows. Europe has seen repeated spillover into poultry farms, and the virus has reached Australia and New Zealand.
Authorities say human transmission remains rare.
Persistent outbreaks in poultry and wild birds keep trade restrictions and culling in place, supporting poultry prices and demand for alternative proteins. The disease's wider host range raises the risk of further disruption.
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.