# ASF poses a real risk to feedstuffs markets | ACT

> Mecardo analyst Andrew Whitelaw warns that African swine fever threatens Australian oilseed and feedstuffs markets because China's pig herd cull will cut demand for soybean meal. He notes China now imports over 55% of world soybeans and the Dalian soybean meal futures contract has fallen 42% from its October high.

- Date: 2019-04-21 · published 2019-04-21T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/59585-asf-poses-a-real-risk-to-feedstuffs-markets-act
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Falling Chinese soymeal demand weakens crush margins and soybean demand, transmitting bearish pressure across the oilseed complex including canola and palm oil.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CANMEAL: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2019-10-03 | [Rabobank: ASF to affect markets, flow for 3-5 years](https://feedsoft.ai/events/56564-rabobank-asf-to-affect-markets-flow-for-3-5-years.md) | +1.7% | +0.6% |
| SBM | 2021-03-16 | [ASF the dominating factor in pork market uncertainty \| Feed Strategy](https://feedsoft.ai/events/48101-asf-the-dominating-factor-in-pork-market-uncertainty-feed-strategy.md) | -2.4% | -3.2% |
| SBM | 2019-04-22 | [Pork and Soybean Markets Adjust to African Swine Fever - ProAg](https://feedsoft.ai/events/59588-pork-and-soybean-markets-adjust-to-african-swine-fever-proag.md) | -1.1% | -2.9% |
| SBM | 2019-11-21 | [Soybean meal: ASP cases in Poland paralyze the market](https://feedsoft.ai/events/56127-soybean-meal-asp-cases-in-poland-paralyze-the-market.md) | -2.0% | -0.5% |
| SBM | 2021-02-08 | [China hog futures surge to one-month high on mounting ASF fear - Fastmarkets](https://feedsoft.ai/events/48627-china-hog-futures-surge-to-one-month-high-on-mounting-asf-fear-fastmarkets.md) | -0.7% | -2.7% |
| SOY | 2019-04-22 | [Pork and Soybean Markets Adjust to African Swine Fever - ProAg](https://feedsoft.ai/events/59588-pork-and-soybean-markets-adjust-to-african-swine-fever-proag.md) | -3.0% | -6.7% |
| SOY | 2019-05-31 | [ASF impacts on feed \| 2019-05-31  \| MEAT+POULTRY](https://feedsoft.ai/events/59078-asf-impacts-on-feed-2019-05-31-meat-poultry.md) | -2.3% | -0.1% |
| SOY | 2019-04-14 | [Deadly Pig Disease to Reshape Global Soy Markets for Years - Bloomberg](https://feedsoft.ai/events/59632-deadly-pig-disease-to-reshape-global-soy-markets-for-years-bloomberg.md) | -2.0% | -11.6% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/6080555/asf-poses-a-real-risk-to-feedstuffs-markets/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.