South Korea has recorded 16 foot-and-mouth disease cases this year, with eight more positives confirmed on a Yecheon, Gyeongbuk Hanwoo farm on the 12th. Highly pathogenic avian influenza has also hit several layer, quail and duck farms in November across multiple provinces.
Simultaneous livestock and poultry disease outbreaks raise the risk of culling, movement restrictions and export limits, tightening domestic beef and egg supply and supporting feed demand for poultry and cattle operations.
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.
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.