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US hog producers have reduced the breeding herd to support prices, but inventory declines have not lifted prices much. African swine fever reported in a rising number of feral hogs in Germany has fueled upward momentum in US hog futures.
Analysts say the European outbreak may not be bullish for US prices over the long term.
ASF concerns in Europe can lift US hog futures on export expectations, but the effect may fade given global pork trade dynamics.
proag.comSep 25, 2020After 177 past bullish disease events, HOGS moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), 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.
