# Pork and Soybean Markets Adjust to African Swine Fever - ProAg

> ProAg summarizes Iowa State University research showing African swine fever has continued through China's hog industry, with 114 cases from November 2018 to late March 2019. Official culls were modest, but inventory data show hog numbers fell 14.1% over December to February, and sow inventory dropped 13%.

- Date: 2019-04-22 · published 2019-04-22T12:00:00.000Z
- Category: disease · region China · magnitude medium
- Page: https://feedsoft.ai/events/59588-pork-and-soybean-markets-adjust-to-african-swine-fever-proag
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A much larger real herd contraction than reported implies sustained lower feed demand in China, which is bearish for corn, soymeal and soybean prices.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2018-10-26 | [African Swine Fever, trade disputes to disrupt global pork market - High Plains Journal](https://feedsoft.ai/events/62688-african-swine-fever-trade-disputes-to-disrupt-global-pork-market-high-plains.md) | +0.9% | -2.3% |
| HOGS | 2018-11-01 | [Effects from African swine fever may  reduce China's soybean needs.](https://feedsoft.ai/events/62037-effects-from-african-swine-fever-may-reduce-china-s-soybean-needs.md) | -3.1% | -4.3% |
| HOGS | 2019-08-26 | [Poultry Prices and China’s African Swine Fever - EMERGING](https://feedsoft.ai/events/57742-poultry-prices-and-china-s-african-swine-fever-emerging.md) | -0.4% | -9.1% |
| HOGS | 2020-09-11 | [German African Swine Fever Case Changes Market Direction](https://feedsoft.ai/events/51244-german-african-swine-fever-case-changes-market-direction.md) | +5.4% | +19.9% |
| HOGS | 2018-10-01 | [Focus On… African Swine Fever – What to Expect?](https://feedsoft.ai/events/62437-focus-on-african-swine-fever-what-to-expect.md) | +6.4% | -5.4% |
| SBM | 2018-09-11 | [African Swine Fever May Reduce China's Soybean Demand](https://feedsoft.ai/events/63016-african-swine-fever-may-reduce-china-s-soybean-demand.md) | -4.1% | -0.5% |
| SBM | 2018-12-04 | [African Swine Fever, Structural Changes Disrupt China's Pork Market](https://feedsoft.ai/events/61544-african-swine-fever-structural-changes-disrupt-china-s-pork-market.md) | -1.0% | +0.2% |
| SBM | 2019-05-27 | [African Swine Fever shaking up world soybean market: USDA - Grain Central](https://feedsoft.ai/events/59150-african-swine-fever-shaking-up-world-soybean-market-usda-grain-central.md) | +6.7% | +5.7% |

## Sources

- proag.com: https://www.proag.com/news/pork-and-soybean-markets-adjust-to-african-swine-fever/

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