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Iowa State economist Dermot Hayes says Chinese pork demand is easing as the country rebuilds its hog herd after African swine fever. Pork processing margins in China have returned to their five-year average.
Hayes suggests government incentives for farmer-owned processing could reduce price spikes.
Slowing Chinese pork import demand as herd rebuilding progresses weighs on global pork prices and export demand, a modest bearish signal for hog and feed-linked markets.
econ.iastate.eduJan 22, 2022After 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.
