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The USDA confirmed African swine fever in samples from pigs in the Dominican Republic, announced on July 28, 2021. The disease is fatal to pigs but harmless to humans.
A confirmed ASF case closer to the US raises fears of an eventual incursion, which would trigger export bans and pressure hog prices while shifting demand toward feed and meat from other origins.
reuters.comJulie IngwersenJul 29, 2021After 117 past bearish disease events, Lean Hogs moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), 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.
