
More than 130 experts from about 40 countries met in Budapest for the 40th session of the European Commission on Agriculture, focused on how climate change affects transboundary animal diseases. The Commission reviewed outbreaks of the past decade, including avian influenza, bluetongue and African swine fever, and adopted its final report unanimously.
The report calls for more investment in prevention, biosecurity and surveillance, which signals sustained disease-control spending but no immediate supply shock for feed markets.
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.