Highly pathogenic H5N1 avian influenza has infected 1.32 million US birds over the past month, per USDA data. The largest outbreak was in Clinton County, Illinois, with 934,600 chickens, and others were reported in Minnesota, Wisconsin and North Dakota.
Large layer and broiler losses reduce US poultry supply and can trigger export bans, while also raising egg prices and potentially lowering feed demand over time.
Not 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.