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Global health experts warned that bird flu outbreaks have reached unprecedented levels across Europe, Africa and Asia in the past three months. The concern is that multiple strains could mix or mutate and jump to humans.
The article focuses on public health risk rather than new trade or supply action.
The story reflects a public health risk, and a human pandemic would be a major demand shock, but there is no immediate supply or price effect for feed markets.
scientificamerican.comKate Kelland, ReutersJan 26, 2017After 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.
