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A Rabobank analyst expects China's 2019 pork imports to double to 2 million tonnes as African swine fever cuts local output. Chinese pork production could fall up to 20%, and USDA's Beijing attache forecasts 51.4 million tonnes of production, down 5%.
Higher Chinese pork import demand supports global pork and hog prices and may draw supplies from other meat exporters.
thepigsite.comEmily HoughtonMar 21, 2019After 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% over 20.
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.
