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Hurricane Florence shut Smithfield Foods' slaughter operations for nearly two weeks, lifting cash hog prices by $11 per hundredweight in one week. The article also flags NAFTA talks with Canada and African swine fever in China as longer-term hog market drivers.
Lost U.S. slaughter capacity supports hog prices in the near term, while ASF in China could lift pork import demand and push up feed-related demand for grain and meal over time.
nationalhogfarmer.comDennis SmithSep 24, 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.
After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% 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.
