African Swine Fever Implications for US Ag
May 30, 2019
- African Swine Fever has caused the loss of hundreds of millions of pigs in China and Southeast Asia in less than a year.
- China and Southeast Asia are expected to have a massive shortfall in animal protein supply in 2019, 2020, and possibly for years to come.
- The U.S. animal protein sector stands to benefit from increased exports to fill the supply void.
- Feed demand will drop off significantly, trimming U.S. feed and grain exports.
- Long term, growth in feed demand in China and Southeast Asia will likely be slower than pre-ASF projections as the region rebuilds its hog herd and becomes more feed-efficient.
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