China's soymeal futures plunge on pig disease concerns

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.

• Aug 27, 2018China's soybean, soymeal futures fall on African swine fever worries-2.9%
• Apr 15, 2021More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand | Reuters+3.2%
• Apr 13, 2020ANALYSIS: China-owned Smithfield signals fresh corn, soymeal demand blow-1.5%
• Feb 8, 2021China hog futures surge to one-month high on mounting ASF fear - Fastmarkets-0.7%
• Apr 27, 2019Farming veteran warns China's pig crisis only getting worse | The Straits Times-2.1%

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.

• Aug 27, 2018China's soybean, soymeal futures fall on African swine fever worries-1.1%
• Apr 15, 2021More wheat feeding and pig disease outbreaks pose double threat to China soymeal demand | Reuters+6.2%
• Sep 27, 2019Fatter pigs, new farms to boost China soymeal demand+2.6%
• Mar 4, 2021Hog Disease Outbreak in China Triggers Surge in U.S. Prices - Caixin Global+0.1%
• Apr 14, 2019Deadly Pig Disease to Reshape Global Soy Markets for Years - Bloomberg-2.0%