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Chinese farmers are strengthening bird flu defenses as outbreaks in Japan and three confirmed cases in mainland China over two months have raised fears of regional spread. Hong Kong confirmed its first human bird flu infection of the season.
The text is partial and does not give further detail.
Fears of regional spread can prompt import restrictions and reduce poultry demand in Asia, which may weigh on feed demand. The effect is still limited, as the reported cases are few.
reuters.comHallie GuDec 20, 2016After 645 past disease events, Lean Hogs moved a median -0.1% over 5 sessions (48% higher; middle half -1.8% to +2.1%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
After 615 past disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.8% to +1.8%), and -0.2% 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.
