African Swine Fever has caused the loss of hundreds of millions of pigs across China and Southeast Asia, creating a massive shortfall in animal protein supply for these regions through 2020, and possibly for years to come. That shortfall will have significant implications for the U.S. animal protein and feed sectors.
According to a new report from CoBank’s Knowledge Exchange Division, the animal protein sector stands to benefit from increased exports to fill the supply void, while feed demand will drop off significantly, reducing U.S. feed and grain exports. Although a continuation of the trade dispute and other market variables currently in play could affect the degree to which U.S. agriculture is impacted by the pork shortage in China and Southeast Asia.