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The USDA pledged up to $500 million from its Commodity Credit Corporation to expand African swine fever monitoring and prevention, after Haiti and the Dominican Republic confirmed outbreaks. Officials said the funding was committed before any US case.
Countries often ban pork imports from regions where the virus is found.
A US outbreak would likely cut pork exports and pig prices, so the funding signals elevated risk that could weigh on hog markets. Import bans by trading partners would also reduce demand for US meat and feed ingredients.
agcanada.comAGCanadaSep 29, 2021After 34 past bearish policy events, HOGS moved a median -0.3% over 5 sessions (41% higher; middle half -1.6% to +1.3%), and -1.8% 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.
