The recent confirmation of avian influenza virus in dairy cows across various U.S. states, including New Mexico, Texas, Kansas, Michigan, and Idaho, has stirred up volatility within cattle markets.
The U.S. Department of Agriculture (USDA) and the Centers for Disease Control and Prevention (CDC) have disclosed these cases, underscoring the unusual transmission of the virus from birds to mammals.
Despite the USDA’s reassurance regarding milk safety through pasteurization, the market has responded cautiously. Cattle futures have seen fluctuations, reflecting traders’ concerns about potential effects on beef demand.
Nevertheless, analysts like Dennis Smith from Archer Financial Services Inc. suggest that the immediate impact on beef demand is minimal.
Egg Prices Soar Amid The Avian Flu Outbreak
The avian flu outbreak has led to a significant surge in egg prices on a global scale, as prices climb to near-historic highs ahead of the spring holidays.
Contributing to this increase are the disease itself, heightened demand, and rising costs for farmers.
In the United States, the average price of a dozen eggs stood at $2.99 in February, marking a noticeable rise from $1.59 in February 2021, although down from $4.21 the previous year.
A similar trend is observed in Europe, where egg prices remain substantially higher compared to 2021. The widespread avian flu has resulted in the culling of millions of poultry worldwide, impacting both egg supply and prices.
Impact and Global Response to Avian Influenza
The spread of avian flu has globally affected multiple continents, including Europe, Africa, Asia, and North America, with reported outbreaks.
This disease has resulted in substantial losses within the poultry sector, impacting egg supply and prices worldwide. In response, countries and regions have implemented diverse strategies to manage the spread and mitigate consequences.
For instance, South Africa witnessed a surge in egg prices following a significant culling of laying hens. Meanwhile, in the United States, efforts are being made to replenish poultry farms and enhance biosecurity measures to stabilize the market.
Nevertheless, challenges persist for the poultry industry, including factors such as chicken feed costs, weather fluctuations, and geopolitical tensions.
