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Chinese pork prices rose above 50 yuan per kilogram in the week, with retail prices up 9.2% in the week to October 16, the biggest weekly jump since at least 2016. Colder weather lifted demand amid a severe meat shortage caused by African swine fever.
A severe Chinese pork shortage raises import demand for meat and reinforces the need for feed through herd restocking, supporting feed grain and protein demand over time, though this is mainly a domestic price move.
reuters.comOct 25, 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.
Not enough comparable past events yet for a historical read.
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.
