◂ Event Timeline

Mar 11, 2019DISEASEChina

China hog prices hit 14-month high as African swine fever slashes output

Chinese live hog prices rose 7% in a single day on March 11 to 15.09 yuan per kilogram, their highest in 14 months. Prices are up almost 20% since early March as African swine fever with 111 confirmed cases cuts supply.

WHY IT MATTERS

Reduced hog supply and farmers holding back sales push up hog prices, and the shortfall could lift import demand for pork.

AFFECTSLean Hogs▲

SOURCE
thepigsite.comEmily HoughtonMar 11, 2019

Price reaction & history

Lean Hogs▲bullishSO FAR1d +1.4%5d +9.4%20d +33.1%

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.

Mar 21, 2019China's pork imports to double in 2019 as swine fever hits local output | The Pig Site+11.1%
Oct 24, 2018Lean hog prices vanquish swine fever jitters | The Pig Site+3.1%
Mar 29, 2019Hog prices rise sharply in the U.S. after new data shows toll of African swine fever on China's herd+3.0%
Mar 28, 2019African Swine Fever in China Helps Boost U.S. Hog Prices - Farm Policy News+2.1%
Aug 26, 2019Poultry Prices and China’s African Swine Fever - EMERGING-0.4%

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.

Lean Hogs HOGS · GP ▸

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