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China's average pork price reached 51.21 yuan per kg, near last October's record of 54 yuan, according to Cofeed data. Coronavirus control measures disrupted pig transport and delayed restarts of slaughterhouses, tightening already scarce supplies after African swine fever cut the herd by over 40% last year.
Demand appears little affected by the curbs.
Tight Chinese hog supply and high pork prices sustain strong demand for imported pork and feed, supporting meal and grain demand while the herd remains depleted.
reuters.comFeb 11, 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 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% 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.
