knowledge exchange
The HPAI stakes are higher this time
Brian Earnest
Key Points
- Seven years after the last outbreak, Highly Pathogenic Avian Influenza emerged again in 2022 in U.S. commercial poultry flocks. More than 40 million birds have been depopulated, disrupting supplies of eggs and turkey in particular
- The shock to domestic markets has been more severe than in the 2014-15 outbreak, which is considered the largest HPAI outbreak in history. Despite somewhat smaller flock depopulations this time, prices of eggs have nearly tripled and turkey breast meat rose 60%, to record levels.
- The view of poultry-importing countries seems to have changed markedly since the previous outbreaks as HPAI has become more common globally. Instead of blanket export bans, their approach is more measured.
- Due to a variety of factors, including high labor and feed costs, egg and turkey supplies will most likely be slower to rebound and high prices will last longer.
Disclaimer: The information provided in this report is not intended to be investment, tax, or legal advice and should not be relied upon by recipients for such purposes. The information contained in this report has been compiled from what CoBank regards as reliable sources. However, CoBank does not make any representation or warranty regarding the content, and disclaims any responsibility for the information, materials, third-party opinions, and data included in this report. In no event will CoBank be liable for any decision made or actions taken by any person or persons relying on the information contained in this report.