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China's Ministry of Agriculture and Rural Affairs announced stronger measures to boost hog production and stabilize pork supplies, including incentives for major hog-producing counties and subsidies for culled animals. Hog stocks fell over 20% year-on-year and wholesale pork prices rose 29.3% in May.
Government support aims to rebuild the herd, but officials say recovery will take time, so tight Chinese pork supply and strong import demand should persist, supporting hog and feed-protein prices.
xinhuanet.comJun 26, 2019After 37 past bullish policy events, Lean Hogs moved a median +0.0% over 5 sessions (51% higher; middle half -2.8% to +0.9%), and +0.2% over 20.
After 439 past neutral policy events, Corn moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
