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Chinese authorities warned that pork prices could soar as the virus cuts output, with prices expected to jump 70% in the second half of the year. Hog prices initially fell as farmers could not move livestock to southern markets, creating a glut in northern areas.
Expected Chinese pork shortages would raise import demand and support global pork and hog prices.
reuters.comApr 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.
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.
