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Meat producers have rallied as African swine fever has wiped out a large share of Asian pig herds, creating a protein shortage. Demand for imported pork, chicken and beef has surged, and US ham prices are near seasonal records on overseas buying.
Chinese buyers are showing strong interest in US chicken after a multiyear ban ended.
Lost Asian pork supply is pushing import demand for pork, chicken and beef higher, which supports US meat prices for a period expected to last into 2020.
farmprogress.comBloombergDec 17, 2019After 177 past bullish disease events, HOGS moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
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.
