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A bipartisan group of US lawmakers introduced the Foreign Animal Disease Prevention, Surveillance, and Rapid Response Act of 2023 (H.R. 3419/S.
1666) on May 19. The bill would reauthorize and increase funding for USDA's NADPRP to $70 million, the NAVVCB to $150 million, and NAHLN to $45 million.
Higher funding for foreign animal disease preparedness lowers the risk of an outbreak that would disrupt livestock supply chains. The effect on feed-commodity prices is limited unless an outbreak occurs.
avma.orgMay 25, 2023After 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.
