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Chinese authorities in Shandong are lifting the land-use cap on pig farms, letting a farmer enlarge his pigsty, as part of a broader set of policy and financial measures to boost output and stabilize pork prices. Pork prices have soared due to African swine fever and cyclical factors.
The article describes the government's push to expand pig stock.
Policies encouraging farm expansion point to rising future feed demand in China, a supportive factor for feed grains and meal over the medium term.
xinhuanet.comNov 23, 2019After 34 past bearish policy events, Lean Hogs moved a median -0.3% over 5 sessions (41% higher; middle half -1.6% to +1.3%), and -1.8% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% over 20.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% 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.
