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Pig prices in Fujian province rose 14.4% in June to the biggest monthly increase in nearly four years, with pork prices up 10.6% month on month. Feed corn prices also rose 2.4% and are expected to keep climbing due to tight supply and African swine fever.
Rising corn prices in China point to firmer feed grain demand, while tight hog supply reduces herd feed needs longer term.
chinafeedonline.com.hkJul 13, 2019After 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 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.
