North-American Influenza - USA: Commodity markets retreat on swine flu fears
http://www.meatnews.com/news/headline_stories.asp?ArticleID=101948
29-Apr-2009 (17 years 1 months 10 days ago)U.S. commodity markets retreated Monday in part on fears related to the outbreak of swine flu, potential reduced pork consumption and the banning of pork imports from the United States by Russia, China and other countries, although there have been no reports of the virus in U.S. swine.
Some lean hog futures contracts traded at the Chicago Mercantile Exchange fell the daily trading limit on Monday, with pork belly and cattle futures also sharply lower. Grain and oilseed futures also tumbled, largely on speculative selling, as fears that any potential dent in pork demand would stymie feed demand, with corn and soybean meal the primary energy and protein sources for U.S. hog herds.
Some lean hog futures contracts traded at the Chicago Mercantile Exchange fell the daily trading limit on Monday, with pork belly and cattle futures also sharply lower. Grain and oilseed futures also tumbled, largely on speculative selling, as fears that any potential dent in pork demand would stymie feed demand, with corn and soybean meal the primary energy and protein sources for U.S. hog herds.