Loading…
China has culled almost 1 million pigs over six months as African swine fever spreads, and more culls are expected. The disease has no sign of coming under control.
The article also notes its presence in sub-Saharan and West Africa.
Sustained herd losses in the world's largest pork market cut feed demand for corn and soymeal and push buyers toward chicken. Pork shortfalls support hog prices.
cnn.comJenni MarshFeb 1, 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 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), 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.
