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FAO reports that almost 5 million pigs in Asia have died or been culled due to African swine fever, first detected in Asia one year ago. Losses exceed 10% of the pig population in China, Vietnam and Mongolia.
FAO urges border vigilance and biosecurity since no commercial vaccine exists.
Heavy pig losses in China and neighbors cut pork supply and feed demand, supporting demand for soybean meal, corn and other feed grains while pressuring hog-related prices in Asia.
fao.orgSep 8, 2019After 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.
After 56 past bullish disease events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.6%), and +0.8% over 20.
After 67 past bullish disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), and +0.4% 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.
