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Lean hog futures rose solidly this week after reports that China's herd rebuilding was slowed by African swine fever and PED. Chinese live hog prices fell 11.6% in a month as farmers sold hogs, and US disease pressure from PEDv and PRRS may tighten supplies from May.
Chinese disease losses and possible US supply tightening support hog prices and could lift future meat import and feed demand.
thepigsite.comMegan HowellFeb 5, 2021After 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% 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.
