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Philippine poultry industry officials expect chicken prices to hold up if a hog disease spreads and shifts consumers away from pork. Chicken prices have recently slipped due to high imported inventories.
Possible substitution from pork to chicken supports poultry demand, but high import stocks cap near-term price gains and feed demand.
bworldonline.comCEDTyCleaAug 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.
