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The International Poultry Council projects world pork production will fall about 14 percent in 2019 due to African swine fever in three continents and 15 countries. Rabobank expects a roughly 30 percent decline in Chinese pork supply by year end, with poultry positioned to become the most consumed meat protein.
A large global pork supply decline shifts protein demand toward poultry and raises meat prices, supporting chicken prices and increasing feed demand for poultry production.
nationalchickencouncil.orgNCCAdminApr 25, 2019Not enough comparable past events yet for a historical read.
After 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.
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.
