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New Hope Liuhe announced it is adding 1.6 million head to its pig herd through new projects in three provinces. The company, also China's largest animal feed producer by volume, said the toughest impact of African swine fever has passed, and rivals CP and Da Bei Nong are also expanding.
Large-scale herd rebuilding by major feed producers points to future growth in Chinese feed demand, which is supportive for feed ingredients over time, though the expansion is still years from full effect.
foodnavigator.comAidan FortuneJun 17, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
