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Nepal reported its first highly pathogenic H5N8 outbreak at a layer farm, with 3,650 birds killed and the rest culled. Vietnam reported more H5N1 and H5N6 outbreaks, and several European countries, including France, reported additional H5N8 detections.
Widening global avian flu spread and culling of layer flocks reduce poultry and egg output, which lowers feed grain and meal demand from producers in affected countries.
cidrap.umn.eduLisa Schnirring, CIDRAP NewsMar 13, 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.
