
China partially banned beef products from several countries, including Cargill's High River plant in Canada, citing COVID-19. Brazil also faces a partial pork ban, and canola and soybean trade with Canada has suffered from ongoing disputes while Canadian wheat and barley exports to China rose.
Chinese import restrictions on Brazilian pork and beef reduce meat demand and may weigh on feed demand for cattle and hogs, while higher Canadian wheat and barley shipments to China support those grain markets.
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.
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.
After 14 past disease events, Wheat (SRW) moved a median -0.3% over 5 sessions (29% higher; middle half -0.7% to +0.5%), and -0.8% over 20.
Not enough comparable past events yet for a historical read.
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.