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Private estimates suggest China's pig population has fallen as much as 60%, and official data show the live pig population down 38.7% year on year at end-August. Corn demand for feed is shrinking, and corn imports could rise under the US-China trade deal.
Lower feed demand from the hog herd collapse weighs on Chinese corn consumption, but possible import increases under the trade deal would support U.S. corn export demand.
scmp.comOrange WangSep 16, 2019After 145 past neutral disease events, Corn moved a median +0.4% over 5 sessions (58% higher; middle half -1.2% to +1.7%), and +0.0% 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.
