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USDA GAIN report estimates China's 2023 pork production at 55.5 million metric tons, a marginal increase. Pork imports are expected to rise nearly 4% to 2.2 million tonnes as consumer demand recovers after COVID restrictions ended.
Higher domestic output will limit import growth.
Modest production growth with rising imports suggests steady Chinese meat demand, with limited net price impact on feed grains and meal. Higher imports slightly support global pork trade.
thepigsite.comMelanie EppMar 7, 2023After 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% over 20.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% 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.
