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Large Hog Companies Gain from China's Ongoing African Swine Fever

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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.

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  • Chen-Ti Chen & Tao Xiong & Wendong Zhang, 2020. "Large Hog Companies Gain from China's Ongoing African Swine Fever," Center for Agricultural and Rural Development (CARD) Publications apr-spring-2020-5, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    • Handle: RePEc:ias:cpaper:apr-spring-2020-5
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    File URL: https://www.card.iastate.edu/ag_policy_review/article/?a=111
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    1. Cho, Seung Jin & Winters, John V., 2020. "The Distributional Impacts of Early Employment Losses from COVID-19," GLO Discussion Paper Series 554, Global Labor Organization (GLO).
    2. Cho, Seung Jin & Lee, Jun Yeong & Winters, John V., 2020. "COVID-19 Employment Status Impacts on Food Sector Workers," ISU General Staff Papers 202006080700001107, Iowa State University, Department of Economics.
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    Cited by:

    1. Nieyan Cheng & Wendong Zhang & Tao Xiong, 2022. "The Impact of China's Place-based Environmental Regulations on its Hog Industry: A Synthetic Difference-in-differences Approach," Center for Agricultural and Rural Development (CARD) Publications 21-wp619, Center for Agricultural and Rural Development (CARD) at Iowa State University.

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