The Debts of the Spenders: Swine Flu and Agriculture Prices

Grains could be negatively affected by the outbreak.

Lean Hogs and Pork Bellies will drop violently. As feeders, the grains will probably be affected by the negative sentiment. Since the situation is still developing it is a bit early to tell if prices will remain depressed for much longer. Something like this could keep prices lower for some time.

UPDATE: If you are interested in knowing more, I suggest looking at the COT (commitment of traders) insitutional position which measures regular changes in futures positions among large funds. The data is quite interesting but I can't post it here b/c of copyright concerns.