{"id":143059,"date":"2019-03-06T10:45:53","date_gmt":"2019-03-06T15:45:53","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143059"},"modified":"2019-03-06T06:47:16","modified_gmt":"2019-03-06T11:47:16","slug":"lean-hogs-analysis-african-swine-fever-has-spread-from-china-to-vietnam","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/lean-hogs-analysis-african-swine-fever-has-spread-from-china-to-vietnam\/","title":{"rendered":"Lean Hogs Analysis: African swine fever has spread from China to Vietnam"},"content":{"rendered":"
March 6, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

African swine fever has spread from China to Vietnam<\/strong><\/p>\n

In the countries of Southeast Asia, an outbreak of African Swine Fever (ASF) is observed. Will LHOG prices<\/a> rise?<\/p><\/blockquote>\n

Vietnamese authorities will take decisive measures to control ASF. From February 1 to March 3, the ASF was detected in 7 provinces of Northern Vietnam. Meanwhile, pork accounts for three-quarters of meat consumption in this country. Last year, Vietnam produced 3.82 million tons of pork. Now it is difficult to say how badly this outbreak of the disease will affect production in the current year. 4 thousand sick pigs have been destroyed in Vietnam so far. In China, ASF outbreaks have been observed since August 2018. The animal husbandry of 28 provinces has been affected, and direct and indirect losses may reach $1 trillion. Another positive factor for pork prices may be the abolition of duties on its imports from the US to China in case of positive results of the meeting of the heads of the United States and China on March 27. Let us note that according to the US Department of Agriculture, pork production in the last week of February decreased by 3% compared to the same period of 2018.<\/p>\n

\"LHOG\"<\/p>\n

On the daily timeframe, LHOG: D1<\/b> overcome the resistance line of the downtrend. A number of technical analysis indicators formed buy signals. The further price growth is possible in case of the cancellation of duties on American pork in China and negative development of the situation with ASF.<\/p>\n