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Reuters reports that Chinese small pig farmers are abandoning production after months of weak prices and movement restrictions, with Hebei-area prices falling below 4 yuan per kg. Estimates suggest China's production could fall by one-fifth this year.
A sharp drop in Chinese hog output would boost demand for imported pork and feed ingredients, supporting meal and grain prices over the coming year.
reuters.comHallie GuFeb 3, 2019After 177 past bullish disease events, HOGS moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% over 20.
After 67 past bullish disease events, SBM moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), and +0.4% 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.
