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Rabobank reported that China's pork industry has entered a new upward cycle, with the sow herd down 6.3% year on year by the second quarter of 2022. The analysts expect this cycle to show less price volatility than previous ones.
A sustained pork upcycle with a smaller sow herd supports hog prices and future demand for feed grains and meal, though the gradual expansion limits the size of the feed demand jump.
meatpoultry.comRachael OatmanSep 6, 2022After 100 past bullish report events, Lean Hogs moved a median -0.2% over 5 sessions (49% higher; middle half -1.9% to +2.0%), and -0.4% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% 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.
