
The USDA's NIFA is investing $17.6 million in research on HPAI and African swine fever, including vaccine development for both. The allocation is $12.7 million for 27 disease projects and $4.8 million for ten welfare projects.
Vaccine research could eventually reduce disease risk to poultry and pork supplies, but it has no immediate effect on feed supply or prices.
After 122 past policy events, Lean Hogs moved a median -0.2% over 5 sessions (46% higher; middle half -2.1% to +1.6%), and -0.3% over 20.
Not enough comparable past events yet for a historical read.
After 734 past policy events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.9% to +1.6%), and -0.4% 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.