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Chinese livestock disease outbreaks, notably African swine fever and avian influenza, are shaping global protein trade. Analysts note that China's disease responses have wide effects on world markets, and the COVID-19 outbreak adds uncertainty.
China's pork shortfall from African swine fever raises import demand for beef and other proteins, supporting cattle prices and feed demand for protein substitutes. The uncertainty around the outbreak adds volatility.
tricountyindependent.comCandace KrebsMar 14, 2020After 148 past bullish disease events, Live Cattle moved a median +0.4% over 5 sessions (62% higher; middle half -0.5% to +1.2%), and +1.4% over 20.
After 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.
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.
