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First ASF outbreak in Liaoning; spreads nationwide and ultimately cuts China's hog herd by up to ~40%, reducing soymeal demand and boosting pork imports.
WikipediaAfter 645 past disease events, Lean Hogs moved a median -0.1% over 5 sessions (48% higher; middle half -1.8% to +2.1%), and +0.9% over 20.
After 615 past disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.8% to +1.8%), and -0.2% over 20.
After 69 past disease events, Soybeans moved a median +0.3% over 5 sessions (57% higher; middle half -1.7% to +1.9%), and +0.1% over 20.
After 379 past disease events, Corn moved a median +0.2% over 5 sessions (53% higher; middle half -1.5% to +1.7%), 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.
