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A USDA GAIN report projects China's 2022 hog production at 665 million head, up 2% from 2021, with pork output rising 5% to 50 million tonnes. Breeding swine imports are estimated at 20,000 head and pork imports at 3.3 million tonnes.
Domestic pork prices are expected to stay low in 2022 as producers compete for share.
Expanding Chinese hog numbers support a larger feed demand base over time, but low hog prices weigh on producer margins and may temper herd growth. The outlook for weak pork prices points to pressure on hog values.
thepigsite.comSarah MikesellMar 15, 2022After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% 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.
