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Reuters reports Chinese pork prices in some regions have fallen more than 20% since African swine fever hit in August. China is considering state pork stockpiling to support farmers, though past purchases typically happen March to May.
Possible state buying could firm hog prices, but timing is uncertain and the outbreak keeps herd supply tight.
reuters.comHallie GuNov 29, 2018After 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.
