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African swine fever in China is expected to lift demand for poultry, with the USDA forecasting Chinese chicken imports rising nearly 70% this year. Chinese fresh and frozen poultry imports rose 40% year on year in the first quarter, while breeding stock supply remains constrained.
Stronger Chinese import demand for chicken supports global poultry prices and the feed needed to produce it. Limited breeding stock may cap the pace of supply growth.
pig-world.co.ukSimon KingMay 31, 2019Not enough comparable past events yet for a historical read.
After 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 67 past bullish disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), and +0.4% 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.
