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China's pig herd has reached more than 90 percent of normal levels by end-November, according to the Ministry of Agriculture and Rural Affairs via Xinhua. Live hog prices have risen since late November on seasonal demand and strict coronavirus inspections slowing imported meat.
A near-recovered Chinese herd sustains strong feed demand, supporting grain and meal prices. Hog price strength reinforces expectations of continued Chinese imports.
thepigsite.comMegan HowellDec 15, 2020After 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% over 20.
After 56 past bullish disease events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.6%), and +0.8% over 20.
After 67 past bullish disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), 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.
