Loading…
Tyson Foods CEO Noel White said US pork prices rose unusually in autumn as African swine fever in China tightens global meat supplies. US processors are slaughtering about 2.7 million pigs per week, up from 2.6 million a year earlier.
Global pork shortage from ASF in China is supporting US hog and pork prices, which can lift demand for feed grains and protein meals tied to hog production.
reuters.comTom PolansekNov 12, 2019After 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.
