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The OIE called on countries to keep up animal disease prevention, surveillance and control despite COVID-19 movement restrictions. Its annual global animal health report says transboundary diseases continue to spread worldwide.
Disease spread that goes unchecked during the pandemic could eventually disrupt livestock output and feed demand, but the statement itself does not move prices.
woah.orgJun 19, 2020After 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.
Not enough comparable past events yet for a historical read.
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.
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.
