South Korea culls 20 thousand hogs as the feed industry considers delaying ingredient shipments to prevent African Swine Fever from spreading further.
Agricensus reports no actions have been taken yet, but one market source says the industry is working up contingency plans that could affect shipments of corn, soymeal, and wheat.
In just the last 3 months Korean millers bought 420 thousand metric tons of soymeal 560 thousand tons of wheat and 1.3 million tons of corn for delivery as far out as February 2020. The disease could also mean more sales of U.S. pork to South Korea. The country was the 5th biggest importer of American pork last year with $670 million dollars in purchases.
