Chinese beef imports rose 75% year on year in April to 128,920 tons as African swine fever cut pork supply. Consumers are shifting to beef and chicken, and the Wens Foodstuffs pork producer is buying a chicken company.
Pork shortages are pushing Chinese demand toward beef and poultry, supporting import prices for beef and chicken while weighing on hog prices.
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.
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.
Not enough comparable past events yet for a historical read.
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.