
South Korea confirmed H5N1 avian influenza at a layer farm in Yeoju that housed about 260,000 birds, the third poultry-farm case in four days. The agriculture ministry said egg production and supply remain ample, with October output estimated 3.3% above a year earlier and November output forecast 2.3% higher; industry representatives said farm-gate prices were falling even as retail prices rose.
The cull creates some downside risk to egg supply if outbreaks spread, but high hen numbers and rising production should limit near-term price pressure. The reported gap between falling farm-gate prices and rising retail prices points to distribution margins rather than a shortage as a driver of consumer prices.
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.