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African swine fever has been reported in Asia, Eastern Europe and Italy, with outbreaks in Thailand, the Philippines and Hong Kong. Thai officials restricted pig movements near Bangkok after the virus was found at a slaughterhouse.
Hundreds of millions of pigs have reportedly been culled globally.
Pig losses and movement restrictions cut pork supply and tighten demand for feed, which is bullish for lean hog prices. Export-market disruption could also reduce meal demand from affected pig sectors.
foodinstitute.comJordan WiklundJan 20, 2022After 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% 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.
