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China's largest hog producers are building large modern farms in the northeast cornbelt, with plans for about 17 million pigs a year from listed companies. Some researchers expect output in the region to approach 120 million pigs annually.
Shifting hog production to the northeast raises regional feed demand and could increase grain and meal imports into China, supporting corn and soybean meal prices over the medium term.
foodfarmnews.blogspot.comFood Farm NewsJun 4, 2018After 151 past bullish macro events, Corn moved a median +0.2% over 5 sessions (57% higher; middle half -0.9% to +1.4%), and -0.3% over 20.
After 44 past bullish macro events, Soybean Meal moved a median -0.6% over 5 sessions (34% higher; middle half -1.9% to +0.9%), and -2.9% over 20.
After 37 past macro events, Lean Hogs moved a median -0.4% over 5 sessions (46% higher; middle half -2.2% to +2.4%), and +0.0% 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.
