
The APHA science blog reports that 25 European countries are affected by H5N8, which began with a detection in Hungarian swans in October. The blog notes many poultry outbreaks and numerous wild bird deaths, and that the duration of the epidemic remains uncertain.
Poultry housing orders are in place in many EU countries.
Housing orders and culls across 25 countries reduce poultry output and can support chicken prices. The uncertain duration of the epidemic keeps this a live supply risk for the coming months.
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.