# Monthly Market Update: Florence impacts, macroeconomics, and IMO 2020 - FreightWaves

> FreightWaves' monthly update covers Hurricane Florence flooding in North Carolina freight markets. It notes lean hog futures rose 15% in September because flooding hit a concentrated hog-production area. The update also discusses the IMO 2020 fuel rule and its effect on marine diesel demand.

- Date: 2018-09-19 · published 2018-09-19T12:00:00.000Z
- Category: logistics · region US · magnitude low
- Page: https://feedsoft.ai/events/63230-monthly-market-update-florence-impacts-macroeconomics-and-imo-2020-freightwaves
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Lost hog supply in North Carolina tightens pork supply and supports lean hog prices. Flooding disrupts feed deliveries to the affected region.

## Read by commodity

- HOGS: bullish ▲
- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2021-08-27 | [U.S. Food Suppliers Are Having Trouble Keeping Shelves Stocked \| 2021-08-27  \| SupplyChainBrain](https://feedsoft.ai/events/9828-u-s-food-suppliers-are-having-trouble-keeping-shelves-stocked-2021-08-27.md) | -0.4% | -5.6% |
| HOGS | 2020-05-12 | [U.S. Meat-Plant Changes Signal End of the 99-Cent Chicken - Bloomberg](https://feedsoft.ai/events/53283-u-s-meat-plant-changes-signal-end-of-the-99-cent-chicken-bloomberg.md) | -6.6% | -23.0% |
| DIESEL | 2019-06-27 | [Freight Market Update: June 26, 2019 \| Flexport](https://feedsoft.ai/events/58488-freight-market-update-june-26-2019-flexport.md) | -3.4% | -3.0% |
| DIESEL | 2019-06-14 | [IMO 2020 credit risks to cascade across marine fuel supply chain - FreightWaves](https://feedsoft.ai/events/58774-imo-2020-credit-risks-to-cascade-across-marine-fuel-supply-chain-freightwaves.md) | +4.5% | +9.9% |
| DIESEL | 2026-10-20 | [Benchmark diesel price up as market takes a short breather - FreightWaves](https://feedsoft.ai/events/632-benchmark-diesel-price-up-as-market-takes-a-short-breather-freightwaves.md) | -0.2% | — |
| DIESEL | 2019-02-08 | [Port Report: Coastal shift in U.S. container trade might be in cards for 2020 - FreightWaves](https://feedsoft.ai/events/60490-port-report-coastal-shift-in-u-s-container-trade-might-be-in-cards-for-2020.md) | +3.8% | +5.3% |
| DIESEL | 2017-09-10 | [Harvey and Irma Tangle Shipping - Steel Market Update](https://feedsoft.ai/events/69130-harvey-and-irma-tangle-shipping-steel-market-update.md) | +1.0% | -1.9% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/monthly-market-update-florence-impacts-macroeconomics-imo-2020

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.