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Chinese pork prices rose 46.7% year on year in August, adding 1.08 percentage points to consumer inflation of 2.8%. Pork accounts for more than 60% of Chinese meat consumption, so the price spike is hitting household budgets.
Record pork prices encourage herd rebuilding and feed demand over time, but in the near term they reflect a shrunken hog supply. This is supportive for hog prices and feed ingredients tied to pig production.
apnews.comFu TingSep 13, 2019After 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% 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.
