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China's Ministry of Agriculture and Rural Affairs urged provincial authorities to offer financial support and credit guarantees to sow farms and large-scale pig farms. The ministry said China's breeding herd fell 22% in April from a year earlier, the largest drop on record.
Financing support aimed at rebuilding breeding stock signals that Chinese pork shortages will persist for some time, supporting import demand for protein and feed.
reuters.comJun 3, 2019After 37 past bullish policy events, HOGS moved a median +0.0% over 5 sessions (51% higher; middle half -2.8% to +0.9%), and +0.2% 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.
