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African swine fever in China has driven chicken prices to two-and-a-half-year highs as consumers switch from pork. Beijing has slaughtered about 40,000 hogs and banned live hog transport from infected areas.
Substitution toward chicken lifts poultry prices and may support poultry production and feed demand, while the hog cull reduces pork-related feed demand; the net effect is a shift in feed use from hogs to poultry.
reuters.comDominique PattonSep 17, 2018Not enough comparable past events yet for a historical read.
After 117 past bearish disease events, HOGS moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% 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.
