
February lean hogs rose 55 cents to $82.425 on technical buying and a perceived seasonal cash bottom. USDA's December 9 world outlook projected EU pork output declining after African swine fever was detected near Barcelona.
Global chicken shipments are forecast to reach a record.
Lower EU pork supply and export restrictions from disease improve demand for US pork, supporting hog prices. Record chicken exports could cap the protein price gains.
After 177 past bullish disease events, HOGS moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
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.