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Analysts expect U.S. pork prices to rise and stay elevated into 2020 as African swine fever ravages China's hog industry, with at least 129 cases reported in China. J.P.
Morgan expects the replacement of China's herd to take at least 20 months.
Sustained Chinese import demand for non-domestic pork supports U.S. hog and pork belly prices well into 2020.
cnbc.comJeff DanielsMay 1, 2019After 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.
