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USDA is making about $12 million available to states, tribes and localities to control chronic wasting disease in deer and elk. It is also allocating $16 million in Farm Bill funds to protect livestock health against avian flu, ASF and foot-and-mouth disease.
The spending is aimed at disease containment and does not materially change livestock supply or feed demand. Any price effect would only follow a future outbreak.
wyomingpublicmedia.orgWill WalkeyApr 22, 2023After 645 past disease events, Lean Hogs moved a median -0.1% over 5 sessions (48% higher; middle half -1.8% to +2.1%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
After 615 past disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.8% to +1.8%), and -0.2% 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.
