Loading…
China is halting imports of German pork after continued African swine fever outbreaks in Europe. Italy, Moldova, Poland, Romania and Ukraine reported 23 ASF outbreaks in domestic pigs in June, and ASF was also detected in Nepal, India and China.
The United States exports about 28% of its pork production, which a domestic outbreak would put at risk.
Import bans on German and other European pork shift global pork trade toward other suppliers, and a US outbreak would sharply reduce hog demand and export demand.
agdaily.comAGDAILY ReportersJul 14, 2022After 69 past neutral disease events, 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.
