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African swine fever is causing large pig deaths in Sichuan and other parts of China, with fresh outbreaks in northern China this year. Farmers are selling pigs early, and live hog prices fell about 65 percent from January to June 2021.
Heavy Chinese slaughter and falling hog prices reduce hog-sector feed demand, which weighs on Chinese import demand for soybean meal and corn.
ukragroconsult.comJul 12, 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 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% over 20.
After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% 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.
