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Chicken prices in China have jumped nearly 50% to record highs as African swine fever has killed millions of pigs and consumers shift to alternative meats. Rabobank and TS Lombard expect poultry prices to keep rising through the second half of 2019.
Pork shortages in China are pushing buyers toward poultry, lifting global chicken demand and export prices for major exporters. This supports chicken prices and feed demand for poultry rations.
cnbc.comWeizhen TanAug 1, 2019Not enough comparable past events yet for a historical read.
After 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.
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.
