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Russian Deputy Prime Minister Alexey Gordeyev said Russia could raise meat exports from 300,000 tonnes in 2017 to 1 million tonnes by 2023 by removing barriers in the EU and China. Industry body NMA cited ASF and avian influenza as constraints.
The EU banned Russian poultry imports on July 16.
This is a long-term export target with uncertain delivery, so it has little near-term effect on feed or meat prices. The disease restrictions it mentions are the more relevant factor for trade flows.
foodnavigator.comAshley WilliamsAug 3, 2018After 243 past trade events, Lean Hogs moved a median -0.1% over 5 sessions (48% higher; middle half -2.5% to +2.2%), and +1.5% over 20.
Not enough comparable past events yet for a historical read.
After 977 past trade events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.8%), and +0.1% 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.
