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Nearly 100 African Swine Fever cases have been reported in China since August, with 916,000 animals culled as of the reporting Tuesday. Chinase most actively traded soymeal futures fell nearly 3 percent on Monday to their lowest in almost a year.
ASF-driven hog losses reduce demand for soymeal in China, the largest soybean importer, weighing on soybean and meal prices and making China's purchase pace harder to predict.
reuters.comKaren BraunJan 16, 2019After 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.
After 50 past bearish disease events, Soybeans moved a median +0.5% over 5 sessions (58% higher; middle half -1.7% to +2.4%), and +0.0% over 20.
After 117 past bearish disease events, Lean Hogs moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% 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.
