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Paul Aho of Poultry Perspective told the National Chicken Council conference that chicken will become the world's top protein in 2020 due to African swine fever's decimation of China's pork herd. He expects ASF impacts to intensify in 2020 as China's cold-storage stocks run down.
Expected global shift toward chicken supports sustained poultry output growth and feed-grain demand, while pork supply losses reduce competing protein supply.
wattagnet.comAustin AlonzoNov 30, 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.
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.
