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An Iowa State economist described a pork checkoff-funded study on the economic impact of African swine fever in the US hog herd. The study estimates that losing export markets would reduce carcass value by about $10 and force large cuts in live hog prices.
An ASF detection in the US would sharply cut hog and pork demand, reducing feed grain and meal demand from the hog sector. Beef and chicken would see some offsetting demand shifts.
thepoultrysite.comSarah MikesellMay 28, 2023After 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.
After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% 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.
