
Jerry Torrison, speaking at the Allen D. Leman Swine Conference, warned that a foreign animal disease could spread widely in the US before detection.
He identified gaps including harvest plant closures that could last longer and be nationwide.
A foreign animal disease outbreak would threaten hog slaughter capacity and could sharply depress hog and feed demand, but this remains a hypothetical risk discussed in a speech.
After 69 past neutral disease events, Lean Hogs moved a median -0.2% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -1.6% 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.