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Italy reported three new H5N8 outbreaks on turkey farms in Lombardy, and South Africa reported two more outbreaks at commercial farms in Gauteng province. The UK also reported an H5N8 detection in a wild mute swan.
Each new outbreak removes birds from the supply chain and adds to global avian flu pressure, though the scale of these incidents is limited.
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.