August 10, 2021

Elanco's farm-animal business hit by lower hog, poultry prices

Elanco Animal Health Inc. said on August 9 that its farm-animal business has been hit by lower prices for hogs and poultry abroad.

"Outside the US, farm animal [business] was impacted by reemerging African swine fever headwinds and sharply lower hog prices in China, as well as continued challenges in international poultry due to unfavorable macroeconomic conditions and reduced consumption driven by the global pandemic," the company explained.

It also added that Elanco's full-year outlook "assumes a gradual recovery in Chinese hog prices and further industry improvement in international poultry and aqua."

- MarketWatch