# Hog Disease Outbreak in China Triggers Surge in U.S. Prices - Caixin Global

> African swine fever was detected in a Yunnan pig herd, the third case in China this year, and 36 piglets were culled. Chicago lean hog futures jumped by the daily limit, and soybean futures eased. The disease has also been reported in Malaysia, South Africa and Germany.

- Date: 2021-03-04 · published 2021-03-04T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/48271-hog-disease-outbreak-in-china-triggers-surge-in-u-s-prices-caixin-global
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

ASF in China raises expectations of higher meat imports and could cut hog numbers and feed demand there, which lifts U.S. hog prices while weighing on soybean and corn export expectations.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2022-03-27 | [Disease Outbreaks in Mexico’s Hog Herd to Drive U.S. Meat Prices Higher](https://feedsoft.ai/events/42423-disease-outbreaks-in-mexico-s-hog-herd-to-drive-u-s-meat-prices-higher.md) | -2.6% | +2.9% |
| HOGS | 2021-02-08 | [China's hog futures, company stocks rally on disease outbreaks](https://feedsoft.ai/events/48625-china-s-hog-futures-company-stocks-rally-on-disease-outbreaks.md) | +4.5% | +20.2% |
| HOGS | 2018-08-31 | [Hog prices poised to soar as deadly swine disease emerges in China - MarketWatch](https://feedsoft.ai/events/63673-hog-prices-poised-to-soar-as-deadly-swine-disease-emerges-in-china-marketwatch.md) | +7.0% | +28.4% |
| HOGS | 2019-11-23 | [China Breeding Sow Stock Rises in October for First Time Since Swine Fever Outbreak - Caixin Global](https://feedsoft.ai/events/56058-china-breeding-sow-stock-rises-in-october-for-first-time-since-swine-fever.md) | -2.8% | +6.8% |
| HOGS | 2019-11-12 | [U.S. pork prices rise as fatal pig disease cuts global meat supply: Tyson Foods CEO](https://feedsoft.ai/events/56220-u-s-pork-prices-rise-as-fatal-pig-disease-cuts-global-meat-supply-tyson-foods.md) | -0.3% | -2.4% |
| SOY | 2020-02-28 | [China's soy complex demand likely to fall in H1 2020 on coronavirus outbreak: Rabobank \| S&P Global](https://feedsoft.ai/events/10636-china-s-soy-complex-demand-likely-to-fall-in-h1-2020-on-coronavirus-outbreak.md) | +0.3% | -0.7% |
| SOY | 2021-04-15 | [More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand \| Reuters](https://feedsoft.ai/events/47642-more-wheat-feeding-and-pig-disease-outbreaks-pose-double-threat-to-china.md) | +6.2% | +17.8% |
| SOY | 2021-03-10 | [Resurgence of African Swine Fever in China Threatens Global Grain Demand](https://feedsoft.ai/events/48100-resurgence-of-african-swine-fever-in-china-threatens-global-grain-demand.md) | -1.2% | -2.3% |

## Sources

- caixinglobal.com: https://www.caixinglobal.com/2021-03-04/hog-disease-outbreak-in-china-triggers-surge-in-us-prices-101670241.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.