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New, hard-to-detect African swine fever variants have spread to pig herds across China in 2021, including provinces such as Henan, Shandong and Guangdong. Large producers such as Muyuan Foods reported losses of nearly 10,000 pigs at two farms.
Renewed mass outbreaks in China reduce hog numbers and slow herd rebuilding, which lowers feed grain and meal demand and pressures hog prices.
caixinglobal.comDu Caicai, Cai XuejiaoJun 21, 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 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.
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.
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.
