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Vietnam spent US$527 million importing poultry and animal meat in 2017, and cheap imported pork, beef and chicken are pressuring domestic livestock producers. Industry officials say local farming costs are high because most inputs are imported.
Cheap meat imports cap domestic livestock prices and reduce demand for locally produced feed, while tariff cuts under FTAs would intensify the pressure.
english.vov.vnVietnamnetApr 18, 2018After 123 past bearish trade events, Lean Hogs moved a median -0.4% over 5 sessions (43% higher; middle half -2.9% to +2.0%), and -0.2% 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.
