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Yum China says rising poultry prices in China, driven by African swine fever and pork-to-chicken substitution, have significantly raised its costs. Average wholesale chicken prices in big cities rose over 33% in October.
Strong Chinese demand for chicken as a pork substitute tightens poultry supply and supports feed demand, reinforcing bullish chicken and feed-grain pricing.
scmp.comLouise MoonNov 22, 2019Not enough comparable past events yet for a historical read.
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 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.
