# Hog prices poised to soar as deadly swine disease emerges in China - MarketWatch

> 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.

- Date: 2018-08-31 · published 2018-08-31T12:00:00.000Z
- Category: disease · region China · magnitude high
- Page: https://feedsoft.ai/events/63673-hog-prices-poised-to-soar-as-deadly-swine-disease-emerges-in-china-marketwatch
- Commodities: [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- HOGS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| HOGS | 2021-03-04 | [Hog Disease Outbreak in China Triggers Surge in U.S. Prices - Caixin Global](https://feedsoft.ai/events/48271-hog-disease-outbreak-in-china-triggers-surge-in-u-s-prices-caixin-global.md) | +2.3% | +15.3% |
| HOGS | 2019-03-01 | [Pigs fly: China pork producers surge as swine disease cuts supply](https://feedsoft.ai/events/60094-pigs-fly-china-pork-producers-surge-as-swine-disease-cuts-supply.md) | +1.7% | +35.0% |
| HOGS | 2019-08-26 | [Poultry Prices and China’s African Swine Fever - EMERGING](https://feedsoft.ai/events/57742-poultry-prices-and-china-s-african-swine-fever-emerging.md) | -0.4% | -9.1% |
| HOGS | 2018-10-19 | [China says hog prices to rise ahead of Lunar New Year amid swine fever outbreaks](https://feedsoft.ai/events/62543-china-says-hog-prices-to-rise-ahead-of-lunar-new-year-amid-swine-fever-outbreaks.md) | +2.4% | -0.7% |
| HOGS | 2019-08-01 | [Poultry prices up amid swine fever in China](https://feedsoft.ai/events/57732-poultry-prices-up-amid-swine-fever-in-china.md) | -0.8% | -15.9% |
| SBM | 2019-05-15 | [Soybeans suffer 1-2 punch from trade fight and a disease that’s ravaging China’s swine herd - MarketWatch](https://feedsoft.ai/events/6666-soybeans-suffer-1-2-punch-from-trade-fight-and-a-disease-that-s-ravaging-china.md) | +0.4% | +8.7% |
| SBM | 2018-12-04 | [African Swine Fever, Structural Changes Disrupt China's Pork Market](https://feedsoft.ai/events/61544-african-swine-fever-structural-changes-disrupt-china-s-pork-market.md) | -1.0% | +0.2% |
| SBM | 2018-09-06 | [China's vast pig market in lockdown as African swine fever spreads](https://feedsoft.ai/events/63014-china-s-vast-pig-market-in-lockdown-as-african-swine-fever-spreads.md) | +3.1% | +0.4% |

## Sources

- marketwatch.com: https://www.marketwatch.com/story/hog-prices-poised-to-soar-as-deadly-swine-disease-emerges-in-china-2018-08-31

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