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China has adopted several initiatives expected to raise food import volumes across protein categories as African swine fever tightens supply. Sow numbers fell 23.9% year-on-year in May, and an analyst estimates the total herd could decline 35-40% by year-end.
Expected higher Chinese import demand for beef and other proteins supports global livestock prices, while a deeper hog herd decline points to sustained demand for feed ingredients and meal.
beefcentral.comGuest AuthorJun 20, 2019After 78 past bullish trade events, Live Cattle moved a median +0.1% over 5 sessions (51% higher; middle half -1.1% to +1.2%), and +0.5% over 20.
After 47 past bullish trade events, Feeder Cattle moved a median +0.2% over 5 sessions (53% higher; middle half -1.0% to +1.0%), and +1.5% over 20.
After 85 past bullish trade events, Lean Hogs moved a median +0.8% over 5 sessions (54% higher; middle half -1.8% to +4.5%), and +4.0% 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.
