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China's government is urging subsidies to help pig farms hit by disease restock their herds. Average lean pork factory prices in 16 provinces rose 36.9% year on year in the week to March 15, while the pig herd is down nearly 17%.
Restocking would eventually raise feed demand, but near-term tight supply keeps hog and pork prices elevated.
reuters.comMar 22, 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 56 past bullish disease events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.6%), 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.
