Meat Crisis Latest Blow for Largest Crop Traders

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.

• Oct 24, 2018African swine fever, trade war pain points for China | 2018-10-24 | MEAT+POULTRY-1.8%
• Mar 5, 2025Avian Flu Is Driving Up Egg Prices: What It Means for Grain Farmers - AgWeb+2.7%
• Aug 8, 2019Hog Virus May Matter More for China Soy Buyers Than Trade War - Bloomberg0.0%
• Sep 11, 2019ASF drives Chinese soy meal consumption to 4-year low | Feed Strategy+0.4%
• Jun 7, 2025Brazil's chicken meat exports in May 2025: effect of the avian influenza crisis-1.2%

After 117 past bearish disease events, Lean Hogs moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% over 20.

• Aug 8, 2019Hog Virus May Matter More for China Soy Buyers Than Trade War - Bloomberg+0.0%
• Apr 2, 2020U.S. livestock: Hog futures drop to 3-1/2 year low - Grainews-12.8%
• Nov 26, 2021First Thing Today: Grain, livestock markets expected to face pressure from global risk-off trade after Thanksgiving - Pro Farmer-1.1%
• Feb 5, 2019ANL | Shanghai Customs Restriction for Meat imports to China-3.5%
• Mar 15, 2021China’s beef herd to grow, on the back of high meat prices - Beef Central+2.7%

After 70 past bearish disease events, Live Cattle moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.0%), and +0.4% over 20.

• Apr 2, 2020U.S. livestock: Hog futures drop to 3-1/2 year low - Grainews-5.8%
• Nov 26, 2021First Thing Today: Grain, livestock markets expected to face pressure from global risk-off trade after Thanksgiving - Pro Farmer+1.8%
• Aug 8, 2025U.S. livestock: Cattle futures fall hard, hogs mixed - Grainews-1.4%
• Jan 28, 2025USDA’s APHIS and Mexico Getting Closer to Reopening the Border for Feeder Cattle With Updated Screwworm Protocols - Oklahoma Farm Report-0.6%
• Apr 10, 2024Flu outbreak sees buyers balk at beef futures - Grainews-0.3%