The African swine fever outbreak is viewed as friendly to
U.S. hog prices, but an ag economist is concerned soybean demand could be
adversely affected.
Todd Hubbs with the University of Illinois says he’s hearing the herd loss in China could be more than 20 percent.
“That’s a lot of hogs moving out of China and possibly out of Vietnam and other countries. And while we have seen soybean purchases up a tick here in the last few weeks from China, I think it’s more related to trying to finalize a trade deal, not necessarily demand.”
If there’s a trade deal this year, he tells Brownfield Chinese soybean purchases will ratchet up.
Continue reading African swine fever could hurt demand for U.S. soybeans at Brownfield Ag News.
