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South Korea banned imports of all uncooked US poultry and egg products on March 6 after highly pathogenic H7 avian influenza was found on a Tennessee farm. Taiwan banned poultry products from Tennessee and Wisconsin, and Japan and Hong Kong also imposed restrictions.
The US exports about 18% of its poultry production.
Export bans cut US poultry demand, and surplus volume is likely to be sold domestically at lower prices. Lower chicken prices can shift demand toward pork and beef.
ksre.k-state.eduMar 14, 2017
nationalhogfarmer.comMar 14, 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.
Not enough comparable past events yet for a historical read.
After 70 past bearish disease events, Live Cattle moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.0%), and +0.4% 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.
