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USDA's Beijing attache report projects China's hog production will fall 5% in 2022 because of low inventories and a smaller sow herd. Early-2021 price declines were driven by African swine fever outbreaks and forced herd liquidation.
Government policy is expected to favor large-scale producers.
A smaller Chinese hog herd in 2022 would reduce feed demand for corn and soymeal and support hog prices, a key signal for feed buyers.
farmpolicynews.illinois.eduKeith GoodAug 30, 2021After 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.
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.
