
South Africa's agricultural sector is forecast to contract 3-5% in 2022, with livestock facing foot-and-mouth outbreaks in five provinces and continued swine flu and avian influenza. Yellow maize prices were up 38% year on year on 23 June 2022, raising feed costs for livestock and poultry farmers.
Higher local maize prices and disease-driven herd losses raise feed demand pressure and weigh on South African livestock output, supporting corn prices locally.
After 56 past bullish disease events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.6%), and +0.8% over 20.
After 70 past bearish disease events, Live Cattle moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.0%), and +0.4% 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.