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Mar. 20, 2023
by Keith Good, University of Illinois' FarmDoc program Earlier this week, Reuters writer Dominique Patton reported that, "A surge in African swine fever infections in China is set to reduce hog output later this year, farm managers and analysts said this week, pushing up prices in the world's top pork consumer as demand recovers. "The incurable disease has plagued China for years, with an initial wave during 2018 and 2019 killing millions of pigs and leading to a dramatic decline in meat output that roiled global markets." Patton noted that, "Infections this year began to surge relatively late in the season, around the Lunar New Year holiday in January, when millions of people travelled after China had relaxed its COVID curbs, said three managers at pig farming companies and analysts. "'Data from swine fever virus testing companies show that the number of positive detections exploded after the new year holiday. The order of magnitude in a single month has reached the level of the whole year of 2022,' said analysts at Huachuang Securities in a report on Monday. "'We guess that the current swine fever infection area in northern production areas may be reaching 50%,' it added." The Reuters article indicated that, "The disease outbreaks, as well as the prior herd reductions, will lead to fewer hogs reaching the market when demand improves in the second half of the year, said the Huachuang report." Also this week, Bloomberg writer Hallie Gu reported that, "China is battling a resurgence of African swine fever, the deadly disease that's previously wiped out almost half of its hogs, potentially pushing up prices for the country's most popular meat." To read the entire report click here. Tweet |
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