Large Hog Companies Gain from China's Ongoing African Swine Fever
Chen-Ti Chen,
Tao Xiong and
Wendong Zhang ()
Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University
Abstract:
Since November 2018, China has reduced its hog and sow inventory by almost 32% due to ongoing outbreaks of African swine fever. These reductions-103 million pigs and 8.7 million sows-account for more than one-fifth of the world's hog inventory, but they may come as a blessing in disguise for large hog companies. Chen, Xiong, and Zhang examine stock returns for China's 10 largest hog firms and 15 global hog firms and find that China's hog companies saw positive abnormal stock returns following ASF outbreaks.
Date: 2020-07
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:apr-spring-2020-5
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