Loading…
China has been buying large volumes of meat after African swine fever cut its pig herd by more than a third, lifting beef, pork and poultry prices globally. Brazilian poultry shipments to China rose 31 percent year on year, and futures rose after China signaled possible tariff exemptions for some U.S. pork and farm goods.
Heavier Chinese meat imports tighten global protein supplies and support livestock and poultry prices, which lifts demand for feed ingredients. Potential U.S. tariff relief could further boost export demand for U.S. pork and related feed.
iowaagribusinessradionetwork.comStaff EditorSep 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.
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.
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.
