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African swine fever has spread through China, Russia, eastern Europe and wild pigs in Belgium, and US hog producers are increasingly concerned. China's agriculture ministry says it has culled 900,000 pigs, though observers suspect the true figure is higher.
Iowa pork producers attended a foreign animal disease session with much larger turnout than a year earlier.
The threat of an introduction into the US would be bearish for domestic hog prices, but no outbreak has occurred. Current price impact is limited to risk sentiment.
nebraskapublicmedia.orgAmy Mayer, Harvest Public MediaFeb 22, 2019After 69 past neutral disease events, Lean Hogs moved a median -0.2% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -1.6% 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.
