
Australian authorities say there have been no H5 bird flu detections in poultry or livestock in Australia, though the virus is present in Victoria's wild birds. An independent risk assessment rated the risk low for dairy cattle and pigs and negligible for beef cattle, sheep and goats.
Producers are urged to maintain biosecurity.
With no domestic detections and a low assessed risk, the story carries little direct supply or price impact for feed buyers, though any livestock detection in Australia would be a demand-side shock to local meat and dairy output.
After 22 past neutral disease events, MILK moved a median -0.1% over 5 sessions (41% higher; middle half -1.4% to +0.5%), 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.