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On 11 September, DTN reported higher lean hog futures after Germany's African swine fever case shifted world pork supply expectations. Live cattle were steady, and cash cattle trade was expected at around $101 live in the South.
A shift in global pork supply supports hog and beef values, which can increase protein demand relative to feed-intensive pork production.
dtnpf.comRick KmentSep 11, 2020After 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 69 past neutral disease events, Live Cattle moved a median -0.1% over 5 sessions (42% higher; middle half -0.8% to +0.6%), and +0.9% 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.
