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Hurricane Florence has killed at least 37 people in North Carolina and left 343,000 without power. The state's Department of Agriculture says 3.4 million chickens and turkeys and 5,500 hogs died, double the losses from Hurricane Matthew in 2016.
Sanderson Farms reports 1.7 million broilers dead and over 6 million isolated by floodwaters, while farmers also worry about flooded hog lagoons.
North Carolina is the third-largest U.S. poultry producer and second-largest hog producer, so these losses could tighten chicken and pork supplies and lift wholesale prices in the short term.
supplychainbrain.comFortuneSep 21, 2018Not enough comparable past events yet for a historical read.
After 12 past bullish weather events, Lean Hogs moved a median +1.5% over 5 sessions (58% higher; middle half -1.6% to +7.1%), and -3.9% 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.
