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China's Ministry of Agriculture and Rural Affairs reported the country's first African swine fever case on Aug. 3, and officials have culled more than 25,000 pigs in outbreak areas.
WH Group has temporarily closed a major Chinese slaughterhouse as a preventive measure.
China holds over half the world's pigs, so an ASF outbreak threatens large supply losses and could tighten global pork supply and lift hog prices from depressed levels. Feed demand from Chinese hog herds could also shrink if herds are culled.
marketwatch.comMyra P. SaefongAug 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.
After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% over 20.
After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% 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.
