More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand

After 14 past disease events, Wheat (SRW) moved a median -0.3% over 5 sessions (29% higher; middle half -0.7% to +0.5%), and -0.8% over 20.

• Feb 20, 2020Soybeans drop on China demand worries, wheat near 4-week peak | Financial Post-1.5%
• Apr 11, 2022Why egg prices are soaring - CBS News-2.4%
• Jul 13, 2020China Brief | Edition 048: Cargill beef banned but other exports see gains Canada West FoundationCanada West Foundation-0.4%
• Nov 26, 2025Animal Health - November Updates - FACE+2.1%

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.

• Mar 4, 2021Hog Disease Outbreak in China Triggers Surge in U.S. Prices - Caixin Global+3.9%
• Mar 10, 2021Resurgence of African Swine Fever in China Threatens Global Grain Demand-9.5%
• Apr 23, 2020Closure of US meat plants raises more concerns over long-term corn feed demand-2.4%
• Apr 13, 2020ANALYSIS: China-owned Smithfield signals fresh corn, soymeal demand blow-5.4%
• Apr 14, 2019Deadly Pig Disease to Reshape Global Soy Markets for Years - Bloomberg+0.4%

After 50 past bearish disease events, Soybeans moved a median +0.5% over 5 sessions (58% higher; middle half -1.7% to +2.4%), and +0.0% over 20.

• Sep 27, 2019Fatter pigs, new farms to boost China soymeal demand+2.6%
• Feb 26, 2021China's soymeal futures plunge on pig disease concerns+0.7%
• Feb 20, 2020Soybeans drop on China demand worries, wheat near 4-week peak | Financial Post-1.8%
• Mar 4, 2021Hog Disease Outbreak in China Triggers Surge in U.S. Prices - Caixin Global+0.1%
• Feb 28, 2020China's soy complex demand likely to fall in H1 2020 on coronavirus outbreak: Rabobank | S&P Global+0.3%

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.

• Feb 26, 2021China's soymeal futures plunge on pig disease concerns-1.3%
• Feb 20, 2020Soybeans drop on China demand worries, wheat near 4-week peak | Financial Post-0.6%
• Feb 28, 2020China's soy complex demand likely to fall in H1 2020 on coronavirus outbreak: Rabobank | S&P Global+1.2%
• Mar 12, 2019Swine fever hurts China soybean demand, raises doubts on trade promises+4.4%
• Mar 10, 2021Resurgence of African Swine Fever in China Threatens Global Grain Demand-3.0%