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Shares of Tyson Foods, Pilgrim's Pride and Sanderson Farms rose as China may import more protein following the deadly pig disease that has wiped out a significant share of its hog herd. Chicken is the cheapest substitute for pork, which is China's preferred protein.
Expected Chinese demand for poultry as a pork substitute supports US chicken prices and export volumes, which in turn draws on feed grains and soymeal.
bloomberg.comLydia MulvanyOct 28, 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.
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.
