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Pork producers at the World Pork Expo in Des Moines warned that foot-and-mouth disease and classical or African swine fever could cause greater losses than the 2015 bird flu outbreak. Iowa alone exports about $1 billion of pork a year, and the industry is lobbying Congress for $150 million a year in preparedness funding.
A major swine disease outbreak that closed US pork exports would cut hog demand and could weaken feed grain prices, though the risk remains hypothetical.
desmoinesregister.comDonnelle EllerJun 7, 2017After 117 past bearish disease events, Lean Hogs moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% 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.
After 50 past bearish disease events, Soybeans moved a median +0.5% over 5 sessions (58% higher; middle half -1.7% to +2.4%), and +0.0% 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.
