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New U.S. bird flu cases have revived fears of a repeat of the 2015 outbreak that destroyed hundreds of millions of birds. Producers have increased biosecurity while outbreaks continue in Asia, Europe and Africa.
Heightened U.S. poultry disease risk can reduce layer and broiler flock sizes, lowering demand for corn and soymeal in feed and supporting egg and chicken prices.
apnews.comSteve KarnowskiMar 9, 2017Not enough comparable past events yet for a historical read.
After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% 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.
