Germany confirmed a new African swine fever case in domestic pigs, and H5N1 avian influenza outbreaks were reported in poultry in Bosnia and Herzegovina, Niger, India and the UK. Bluetongue was reported in the UK and foot-and-mouth disease in South Africa.
An ASF case in Germany threatens pork exports and may weaken hog prices, while poultry outbreaks add pressure on the global poultry sector.
After 117 past bearish disease events, Lean Hogs moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% over 20.
Not enough comparable past events yet for a historical read.
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.