Loading…
Reuters reports that China's Best Genetics Group and other companies are working to improve domestic pig genetics to reduce reliance on foreign breeds. The effort is aimed at producing cheaper pork in the world's largest pork market.
Longer-term genetic improvement could lift Chinese hog productivity and reduce import needs over time, but the effect on near-term feed and hog prices is limited.
reuters.comDominique PattonMay 27, 2022After 37 past macro events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +2.4%), and +0.0% 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.
