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South Africa and Italy reported further highly pathogenic H5N8 avian flu outbreaks in poultry and wild birds, with South African ostrich farms in Western Cape among the affected sites. Taiwan also confirmed two more H5N2 detections at poultry farms in two counties.
Poultry disease outbreaks reduce bird numbers and can trigger culling and trade restrictions, which tends to lower domestic poultry feed demand locally while supporting feed-grain and meal demand in unaffected markets.
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.