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Rabobank's Global Animal Protein Outlook 2019 says disease outbreaks are severe and biosecurity will become a major industry theme. It expects African swine fever to reshape global trade, with China increasing pork imports in 2019.
Expected higher Chinese pork imports after ASF-driven herd losses support demand for global pork and the feed inputs that go with it, which is bullish for hog prices and meal demand.
feedstuffs.comKrissa Welshans 1Nov 21, 2018After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
