
A University of Minnesota veterinary article describes the risks of foreign animal diseases such as foot-and-mouth disease, African swine fever and peste des petits ruminants. It cites estimated losses of over $50 billion for African swine fever and up to $200 billion for foot-and-mouth disease.
The U.S. remains free of all three.
An outbreak in the U.S. would trigger trade restrictions and culling that could disrupt grain demand and livestock supply. The article is a preparedness piece with no new market-moving event.
After 645 past disease events, Lean Hogs moved a median -0.1% over 5 sessions (48% higher; middle half -1.8% to +2.1%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
After 615 past disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.8% to +1.8%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.