
Nigeria reported its first H5N8 detection in guinea fowl, turkeys and pigeons in Kano state, with 15 deaths and 235 birds culled. South Korea also reported H5N8 in the same period.
The Nigerian outbreak has been resolved, and the virus continues to infect European poultry.
These outbreaks are small and in a region with limited poultry trade, so they have little effect on global feed or poultry prices. They do add to the spread of H5N8 across more countries.
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.