
Chinese Vice Premier calls for recovery of pig production and stabilization of pork supply. Pork prices more than doubled year on year in October and accounted for over 60% of the CPI rise, and Beijing is pushing to approve new pork sources.
Government push to import pork and rebuild herds signals policy support for supply, which over time could reduce pork prices and moderate hog feed demand growth.
After 34 past bearish policy events, HOGS moved a median -0.3% over 5 sessions (41% higher; middle half -1.6% to +1.3%), and -1.8% over 20.
After 206 past neutral policy events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% 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.