Dive Summary:
- Soy bean futures have hit a new low this year as concerns that the bird flu epidemic in China may slow their consumption of the bean.
- Chinese officials say the fears are over blown. They've closed several poultry marketplaces and have begun a rigorous testing regiment to ensure the virus is contained.
- Six people have died so far, however analysts believe if the virus is contained, soy bean prices will rebound.
From the article:
Officials in Shanghai closed a live-poultry trading area and began culling birds there after the H7N9 virus was detected in pigeon samples, state-run Xinhua News Agency reported yesterday, without citing the origin of the information. The death toll from the new birdflu strain reached six in China, the Washington Post reported, citing the U.S. Centers for Disease Control and Prevention.
