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China's Ministry of Agriculture confirmed a second African swine fever outbreak in Guangdong province, this time on a farm in Huangpu District of Guangzhou. The farm had 6,027 pigs, 30 became infected and nine died, and a steering group was dispatched to the area.
Spread of ASF into Guangdong, a major pork-consuming province, deepens China's hog herd losses and supports stronger import demand for soymeal and feed grains while weighing on hog prices.
afludiary.blogspot.comMichael CostonDec 23, 2018After 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.
After 67 past bullish disease events, Soybean Meal 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.
