Loading…
CoBank's report says China's hog prices have fallen about 30% from their peak a year earlier, and that rebuilding of the herd increases the risk of US pork oversupply. US pork exports to greater China have surged this year.
The bank recommends the US industry diversify into Asian and Latin American markets.
Risk of US pork oversupply as Chinese demand slows is bearish for hog prices and reduces feed demand from US hog producers.
feedstuffs.comKrissa WelshansNov 9, 2020After 159 past bearish report events, HOGS moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% 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.
