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CoBank economist Will Sawyer says China has started rebuilding its hog herd, which will slow US pork export growth over the next three to five years. Greater China now takes nearly 8% of US pork production, up from 2% before the African swine fever outbreak.
The report says early signs of herd growth are visible.
Expected slowing of Chinese pork import demand is bearish for US hog prices and reduces future demand for feed inputs tied to US pork production.
meatpoultry.comErica ShafferNov 9, 2020After 117 past bearish disease events, Lean Hogs moved a median -0.6% over 5 sessions (36% higher; middle half -2.2% to +1.6%), and +1.2% 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.
