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New Zealand consumers face higher meat prices as Chinese buyers search globally for protein after African Swine Fever cut China's pig herd by about a third. Global meat prices have surged, with Brazilian chicken retail prices reported up about 16%, and Stats NZ recorded meat, poultry and fish prices up 5.3% in September.
Chinese restocking demand for imported protein is pulling up global meat prices, sustaining demand for feed-linked livestock and poultry production.
businessdesk.co.nzRebecca HowardOct 9, 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.
After 148 past bullish disease events, Live Cattle moved a median +0.4% over 5 sessions (62% higher; middle half -0.5% to +1.2%), and +1.4% 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.
