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Reuters reports that a researcher expects China's pork imports to fall further in 2025 from last year's 1.07 million metric tons, while offal demand stays flat. China's imports of pork meat and offal already shrank 15.7% last year, a fourth consecutive annual decline.
The researcher argues China's pork consumption has little room to grow.
Lower Chinese pork imports reduce global demand for pork and indirectly for feed grains and meal used in hog production. The outlook points to softer import demand, which is mildly bearish for lean hog prices.
reuters.comElla Cao, Mei Mei ChuFeb 24, 2025After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
