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China's swine herd has suffered heavy losses from African swine fever since August 2018, with conservative estimates at least 20 percent of annual pork capacity lost. Losses could reach 150 million pigs and 25 to 30 billion pounds of pork over six to 12 months, and meat prices in China and globally are rising.
A large Chinese pork shortage pushes up global protein prices and increases import demand for substitutes, supporting hog, chicken and feed-ingredient prices.
wattagnet.comMark JordanApr 30, 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.
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.
