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CoBank's Will Sawyer discusses China's plan to restock its swine herd, with more than US$7 billion invested to place 22 million pigs with small producers over three years. Pork prices in China are at record highs while the government works to control African swine fever.
Sawyer questions whether small-producer rebuilding is safe given biosecurity risks.
Herd rebuilding over time will lift feed demand and soybean meal use, but the pace and biosecurity risks determine how quickly import demand recovers.
feedstrategy.comJackie RoembkeJan 21, 2020After 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.
After 56 past bullish disease events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.6%), and +0.8% over 20.
After 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.
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.
