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A Rabobank report says African swine fever remains a major driver of pork market uncertainty, especially in China and Germany. It estimates China's sow herd is 10% to 15% larger than a year ago, with full recovery not expected before 2023.
Slow Chinese herd recovery and volatile hog prices limit feed demand growth, supporting a cautious outlook for feed grains and meal while lifting hog price volatility.
feedstrategy.comAnn ReusMar 16, 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 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.
