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Rabobank's Global Animal Protein Outlook 2020 projects Chinese pork production to fall a further 10% to 15% in 2020 due to African swine fever. Australian beef and sheepmeat prices are expected to stay strong as livestock inventories are at 20-year lows.
The report also flags uncertainty from trade disputes.
Lower Chinese pork output shifts protein demand toward beef and other meats, supporting cattle prices. Australia benefits from tight global supplies.
farmweekly.com.auDec 1, 2019After 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.
