African Swine Fever (ASF) is one of the worst animal health outbreaks in recent decades that will affect global protein and protein supply markets.

As we begin 2020, news of upwards of 80% declines in hog herds in China should finally turn heads concerning the future of pork, and global protein markets in general. This new number was reported by a Chinese journalist this past week. A decline that severe in the world’s largest hog herd is sure to upend global protein markets and cause long-term shifts in supply and demand across the globe. Protein substitutes like chicken, fish, and beef will see increased demand, which may help U.S. markets as a Phase 1 Trade Deal with China is set to be signed in the coming weeks.

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