Well I'll take your bird flu, and raise you a potential pandemic like jump into the already reduced cattle population!
New bird flu variant found in Cows in Nevada
US herd is at 73 year low. I could post a bunch of links about the fears of how a lack of good inter-agency communication could hinder stopping outbreaks from last year's scare in Texas. I can't imagine the communication of agencies improved at the Fed level at this point, can you? IF this new variant spreads even a little you could see some severe upwards price pressure on beef. Which will encourage non-infected meat sources to edge their prices up as well. (if they think they can). Read about the small calf numbers in this link for greater clarity on the risk. https://www.fb.org/market-intel/u-s-cattle-inventory-smallest-in-73-years
I will be fascinated to month over month inflation numbers at the end of Feb and March. Markets will shit a brick if that number moves upward. And you know that coffee, sugar, eggs, cocoa and lumber all markedly up in the last month. Not that there is not some good news downward, but to me a lot more news that could really being inflation back as a focus, especially if we have to start culling from the smallest US cattle herd in our lifetimes...