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Chinese authorities ordered a ban on live hog transport in affected provinces and halted live hog market activity after African swine fever was confirmed in five official cases. Bulgaria also reported its first ASF case, and Romania has seen hundreds of cases this summer.
Market commentary suggests the outbreaks are unlikely to reduce global pork supply much, but the headlines can lift US hog futures on a perceived worldwide outbreak.
agriculture.comRich NelsonAug 31, 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.
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.
