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The FAO reports that African swine fever continues to spread across China, now in 28 provinces and regions, with over 1 million pigs culled. The disease has also reached Vietnam, Mongolia and Cambodia, raising questions about global meat and feed markets.
Losses of Chinese pig herds reduce feed demand for soymeal, corn and other feed ingredients while increasing demand for substitute meats, pressuring pork prices and shifting protein trade flows.
aasv.orgAASV StaffMay 29, 2019After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% over 20.
After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% 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.
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.
