# China hog futures surge to one-month high on mounting ASF fear - Fastmarkets

> Hog futures on Dalian spiked on Monday to their highest since the contract debuted a month earlier, rising 4-6% as funds priced in reports of new ASF cases in northern China. Corn and soymeal futures fell about 1% as traders expected producers to raise output.

- Date: 2021-02-08 · published 2021-02-08T12:00:00.000Z
- Category: disease · region China · magnitude low
- Page: https://feedsoft.ai/events/48627-china-hog-futures-surge-to-one-month-high-on-mounting-asf-fear-fastmarkets
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Expected herd rebuilding and output increases after ASF scares suggest higher future feed demand for corn and soymeal, though near-term Dalian grain futures traded lower.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2019-03-11 | [China hog prices hit 14-month high as African swine fever slashes output
						 \| The Pig Site](https://feedsoft.ai/events/60096-china-hog-prices-hit-14-month-high-as-african-swine-fever-slashes-output-the.md) | +9.4% | +33.1% |
| 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 | 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 | 2018-11-29 | [China mulls stockpiling pork to support farmers hit by swine fever](https://feedsoft.ai/events/62040-china-mulls-stockpiling-pork-to-support-farmers-hit-by-swine-fever.md) | -1.2% | +0.3% |
| HOGS | 2018-10-19 | [China says hog prices to rise ahead of Lunar New Year amid swine fever outbreaks](https://feedsoft.ai/events/62543-china-says-hog-prices-to-rise-ahead-of-lunar-new-year-amid-swine-fever-outbreaks.md) | +2.4% | -0.7% |
| CORN | 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) | +2.5% | +4.3% |
| CORN | 2021-04-22 | [ASF resurgence in China may slow imports of feedgrains \| The Western Producer](https://feedsoft.ai/events/47644-asf-resurgence-in-china-may-slow-imports-of-feedgrains-the-western-producer.md) | +11.6% | +9.8% |
| CORN | 2019-10-03 | [Rabobank: China’s hog feed consumption to fall 40% \| Feed Strategy](https://feedsoft.ai/events/56565-rabobank-china-s-hog-feed-consumption-to-fall-40-feed-strategy.md) | +2.7% | +0.5% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/china-hog-futures-surge-to-one-month-high-on-mounting-asf-fear/

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