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Rabobank's Global Pork Quarterly expects volatility in feed grain prices, animal disease and China's economy to weigh on global pork markets through 2023. Feed grain prices have eased from their Q2 2022 peak, though US prices may fluctuate.
ASF, PRRS and PED are cited as disease risks.
Feed grain volatility and disease risks such as ASF could disrupt pork production and trade, influencing hog-related feed demand and grain price direction through 2023.
feedstrategy.comAnn ReusFeb 2, 2023After 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% 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.
