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Pork supplies in China have plummeted, and the country is ramping up meat imports as ASF hits its herds. The article says the disruption is beginning to change trade flows and create volatility in U.S. protein markets.
Chinese import demand for pork and falling domestic supply support higher hog prices and pull trade flows toward U.S. protein.
bloomberg.comLydia Mulvany, Isis AlmeidaOct 31, 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.
