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Pennsylvania officials said the state's $34.6 billion animal agriculture industry needs a rapid emergency declaration if diseases such as HPAI or African swine fever reach the US. They noted ASF has cut China's hog herd by a further 20-30% in 2021.
Concern about disease reaching US herds keeps risk premiums in hog and poultry markets. China's ongoing ASF losses support import demand for feed grains and meal.
porh.psu.edulad3May 11, 2021After 69 past neutral disease events, Lean Hogs moved a median -0.2% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -1.6% over 20.
After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% 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.
