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Rabobank forecasts China's pork imports will hit a record 3.5 million metric tons in 2020. Pork imports rose 180% and variety meat imports 29% year over year in January-April, with the US now the largest supplier.
COVID-19 is expected to tighten pork supply in major producing countries while reducing consumption.
A record Chinese import pace supports global pork and feed demand, including US hog and meal-related trade, while tight supply keeps protein prices firm.
feedstrategy.comAnn ReusJun 26, 2020After 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.
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.
