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NPR reports that African swine fever has spread across China since mid-August, with outbreaks hundreds of miles apart. Nearly 20,000 pigs have been culled and 897 have died in just over a month, and there is no vaccine.
China's hog losses cut domestic pork supply and reduce demand for feed grains and meal, while pushing buyers toward substitute meats, a bearish signal for feed ingredients and bullish for competing proteins.
text.npr.orgSep 13, 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 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% 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.
Not enough comparable past events yet for a historical read.
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.
