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African swine fever has spread through Asia Pacific, with dead pigs in Taiwan, culls in the Philippines and South Korea, and outbreaks in Indonesia. The disease is estimated to have wiped out 60 percent of China's pigs and a quarter of global pigs in 2019.
Large losses of global pig supply raise import demand for pork and feed, supporting hog prices and feed ingredient demand.
aljazeera.comIan Lloyd NeubauerFeb 17, 2020After 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.
After 67 past bullish disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), 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.
