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Feed Strategy reports that China's swine herd restocking reached about 90% of pre-ASF numbers, with a full recovery expected by mid-2021. Live hog and pork prices remain roughly double pre-ASF levels, prompting concern about possible future oversupply once high-quality breeding stock improves.
A rebuilt herd keeps feed demand firm in the near term, but a later oversupply would cut hog numbers and feed use, a risk for grain and meal prices.
feedstrategy.comJackie RoembkeFeb 24, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
