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China will raise import tariffs on most pork products to 12% from 8% on Jan. 1, 2022, according to its finance ministry, citing sharp growth in domestic output.
China also reported African swine fever in two trucks transporting pigs in Hebei, its first official ASF report since July. Tyson Foods plans to spend over $1.3 billion on plant automation over three years.
Higher Chinese tariffs reduce access for US pork exporters, which weighs on export demand for lean hogs. Domestic oversupply in China is also pulling in less imported pork, which is bearish for US hog prices.
thepigsite.comSarah MikesellDec 17, 2021After 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.
