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Bloomberg reports Chinese hog farmers are panicking as African swine fever spreads, with outbreaks confirmed on six farms in Hainan province on Sunday. The virus has now spread across virtually the entire country according to China's Agriculture Ministry.
Expanding herd losses cut Chinese hog feed demand and raise pork import needs, pressuring feed ingredients while supporting global pork and protein prices.
bloomberg.comBloomberg NewsMay 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.
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 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.
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.
