
Brazil's agriculture ministry confirmed a second Newcastle disease outbreak in a week, at a poultry farm in Santa Catarina state, which produces about 15% of Brazil's poultry. China and Saudi Arabia have halted imports from Santa Catarina, and Mexico has banned poultry imports from all of Brazil.
Authorities say the outbreak is within existing control zones.
Export bans reduce Brazil's share of global chicken trade, which is the world's largest. This can weigh on Brazilian chicken prices while supporting prices in importing markets, and it is a key factor for Korean importers that depend on Brazilian cuts.
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.