
Australian livestock owners were urged to maintain biosecurity against H5 bird flu. There have been no H5 detections in Australian poultry or livestock, though the virus is present in wild birds in Victoria.
A government risk assessment rated the risk low for dairy cattle and pigs and negligible for beef cattle, sheep and goats.
With no domestic detections, Australian livestock and feed demand are unaffected, so this is a preparedness advisory with minimal price implications.
After 645 past disease events, 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, SBM 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.