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DTN reports African swine fever has spread in China since the first case in Shenyang in August, with cases reported in several provinces and 913 hogs culled initially. The disease may cut hog numbers and reduce feed demand and soybean imports.
Expected herd losses reduce feed demand over time, weighing on soybean and meal imports.
dtnpf.comLin Tan, China CorrespondentNov 1, 2018After 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 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 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% 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.
