The current High Pathogenic Avian Flu outbreak has broken records since it began more than a year ago.
U.S. ag officials have spent $670 million dollars to try to get it under control. According to APHIS, the majority has gone to compensation for depopulated birds and eggs. The rest has gone to culling and disposal, personnel, state agreements, and field costs.
To date, HPAI has taken nearly 59 million birds and caused countless losses for producers.
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Corn and wheat exports remain supportive, but weaker soybean demand — especially from China — continues to pressure oilseed markets.
China’s pullback is hitting core U.S. commodities hard, reshaping export expectations for soybeans, cotton, grains, and livestock.
Slower grain movement may pressure basis, but falling diesel prices could help offset transportation costs.
The U.S. has a bountiful corn supply, but markets are waiting for the January WASDE Report, which will include updated yield estimates.
Rising federal debt is increasing pressure on Washington to limit spending, which could tighten future funding and delivery for agricultural programs.
