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China's national average hog price reached 24.6 yuan per kg on Aug. 19, surpassing the 2016 record of 21 yuan.
Prices have risen sharply since June as production slumped after African swine fever wiped out roughly a third of the herd.
Sharply lower Chinese hog supply lifts domestic pork prices and signals sustained pressure on feed demand over time, though the unusual summer rally could reverse once seasonal demand patterns shift.
reuters.comDominique PattonAug 20, 2019After 177 past bullish disease events, HOGS moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% over 20.
After 98 past neutral disease events, SBM moved a median -0.2% over 5 sessions (44% higher; middle half -1.9% to +1.5%), 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.
