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Philippine Statistics Authority says whole chicken prices in NCR rose 7.6% month-on-month and 14% year-on-year as of October. Pork prices fell amid African swine fever fears, pushing consumers toward chicken and beef.
Substitution from pork to chicken lifts poultry demand and feed-grain usage for broiler production, supporting corn and soybean meal demand in the Philippines.
philstar.comCzeriza ValenciaNov 11, 2019Not enough comparable past events yet for a historical read.
After 117 past bearish disease events, Lean Hogs moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% 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.
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.
