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Rabobank's African swine fever global update reports declining ASF cases in China but continued spread in other parts of Asia, plus a new case in Greece and a concerning case in western Poland. Rabobank says coronavirus is disrupting protein trade in the first quarter of 2020, with a strong rebound expected in the second quarter.
It expects China to maintain or increase protein imports in 2020.
Expected Chinese import demand for proteins supports feed ingredient demand, while short-term coronavirus disruption may weigh on near-term purchases.
meatpoultry.comBob SimsMar 4, 2020After 69 past neutral disease events, Lean Hogs moved a median -0.2% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -1.6% over 20.
After 98 past neutral disease events, Soybean Meal moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), and -0.4% 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.
