
Livestock groups including the National Pork Producers Council and National Cattlemen's Beef Association urged the House Agriculture Committee to keep funding animal disease programs in the 2023 farm bill. Witnesses said HPAI has led to culling of nearly 60 million birds and APHIS is understaffed.
Adequate funding for disease response reduces the risk of large herd or flock losses that would cut feed demand. The hearing itself does not change near-term 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.