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The average US hog producer, who was losing about $30 per head at March 1, was earning about $28 per head by mid-April. African swine fever has spread through China and Vietnam, with Chinese pork output expected to fall 30-40% by year-end.
Losing a large share of global pork supply would tighten world protein markets, lifting pork prices and supporting demand for beef and poultry.
nationalhogfarmer.comKent Bang Compeer FinancialApr 17, 2019After 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 148 past bullish disease events, Live Cattle moved a median +0.4% over 5 sessions (62% higher; middle half -0.5% to +1.2%), and +1.4% 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.
